Current Gold and Silver Prices in Major Indian Cities
In major cities like Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold is currently set at Rs 67,360, Rs 67,210, and Rs 67,210 respectively.
Gold Price Update: A Closer Look
As of Saturday morning trading sessions, the cost of 24-carat gold has seen a slight increase of Rs 10. The current rate for ten grams stands at Rs 73,320 according to GoodReturns. Additionally, silver prices have also risen by Rs 100 per kilogram with the new price reaching Rs 87,100.
The value for ten grams of 22-carat gold has similarly increased by Rs 10; it is now priced at Rs 67,210.
In Mumbai specifically, the pricing for ten grams of both types—24-carat and 22-carat gold—aligns with those in Kolkata and Hyderabad at a rate of Rs 73,320 for the former and Rs 67,210 for the latter.
Regional Pricing Overview
For further clarity on regional pricing:
- In Delhi: Ten grams of 24-carat gold costs Rs 73,470, while 22-carat gold is priced at Rs 67,360.
- In Bengaluru: Both types are available at Rs 73.320 (24K) and Rs.67.210 (22K).
- In Chennai: The rates mirror those in Bengaluru with both types selling for Rs.73.320 (24K) and Rs.67.210 (22K) respectively.
Moreover,
- The price per kilogram for silver remains consistent across Delhi and Kolkata at ₹87 ,100 while it stands higher in Chennai at ₹92 ,100.
Global Market Trends Affecting Gold Prices
On an international scale on Friday last week,
US gold prices experienced a decline after reaching near-record highs earlier that day due to mixed employment data from the US which raised uncertainties regarding potential interest rate cuts by the Federal Reserve later this month.
Spot gold saw a decrease of approximately 0.8%, settling down to $2 ,495 .86 per ounce as recorded around 1:59 p.m. ET (1759 GMT). This drop followed its peak since August when it had previously reached record levels.
Additionally,
US futures contracts on gold closed lower as well; they fell by about 0 .7%, concluding trading sessions around $2 ,524 .60 per ounce.
In related markets,
spot silver dropped significantly by about 3 .1%, landing around $27 .92 per ounce.
Platinum also faced declines falling to $920 .55 while palladium decreased sharply by approximately 3 .1% to settle around $913 .
This fluctuation highlights how global economic indicators can directly impact precious metal prices domestically as well as internationally.
(with contributions from Reuters)
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