Tag: GoldPricesToday

Domestic precious-metal prices edged lower on Monday, with ten grams of 24‑carat gold trading at ₹1,25,070, down ₹10. Silver also fell ₹100, with one kilogram priced at ₹1,68,900.

Ten grams of 22‑carat gold was valued at ₹1,14,640 in most major cities, while Chennai saw a slightly higher rate of ₹1,15,490. In Delhi, 24‑carat gold stood at ₹1,25,220.

Globally, spot gold rose about 0.3% to US $4,091.89 per ounce, while silver gained 0.8% to US $50.94 per ounce, as investors awaited key US economic data that could influence interest-rate decisions.

The modest decline in India reflects cautious trading ahead of macroeconomic updates, even as global trends continue to support safe-haven demand for precious metals.

Also Read: Sensex climbs 200 pts, Nifty tops 25,950

Gold prices in India edged lower in early trade on Saturday. Ten grams of 24-carat gold fell by ₹10 to ₹1,27,030, according to GoodReturns. Silver moved in the opposite direction, rising ₹100 to ₹1,73,200 per kg.

Prices of 22-carat gold also slipped ₹10, with ten grams priced at ₹1,16,440.

Across major metros, 24-carat gold was selling at ₹1,27,030 per 10 grams in Mumbai and Kolkata, while Chennai priced it higher at ₹1,28,060. In Delhi, the same quantity stood at ₹1,27,180.

For 22-carat gold, ten grams cost ₹1,16,440 in Mumbai, Kolkata, Bengaluru, and Hyderabad, and ₹1,17,390 in Chennai. In Delhi, the price stood at ₹1,16,590.

Silver prices were steady across key cities, with one kilogram selling at ₹1,73,200 in Delhi, Mumbai, and Kolkata. Chennai continued to trade higher at ₹1,79,900 per kg.

Gold and silver prices showed mixed movement in India on Friday. Gold slipped slightly, with 24-carat gold trading at around ₹12,785 per gram, down about ₹80 from the previous day. The 22-carat variant also fell a little to roughly ₹11,720 per gram.

Silver, however, moved higher. Prices rose by ₹100 to about ₹1,73,100 per kilogram, continuing its stronger trend seen over recent sessions.

A slightly weaker US dollar in global markets helped limit gold’s downside and added some support to silver. Traders believe that domestic demand, currency movements, and festival-season buying will influence price trends in the coming days.

Market participants say the small decline in gold is due to continued uncertainty over global interest-rate decisions. Higher interest rates usually reduce the appeal of gold, which does not offer any yield. Silver, on the other hand, is getting support from both investor demand and industrial use, helping it hold a firmer tone.

Overall, the precious-metals market remains steady, with silver showing more strength than gold for now. If global cues stay stable, prices are expected to move in a narrow range with mild day-to-day changes.

Also Read: Sensex sheds 300, Nifty below 25,800, muted opening