Gold and Silver Prices Decline in India Amid Global Market Fluctuations
Gold price falls ₹10 to ₹1,55,280; silver down ₹100, trading at ₹2,64,900
Business Standard
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In early trading on Wednesday, the price of 24-carat gold in India fell by ₹10 to ₹1,55,280 per ten grams, while silver decreased by ₹100 to ₹2,64,900 per kilogram. This decline comes as US gold prices rise due to lower oil prices and easing inflation fears.
- 0124-carat gold price in India is ₹1,55,280 per ten grams.
- 02Silver price has decreased to ₹2,64,900 per kilogram.
- 0322-carat gold is priced at ₹1,42,340 per ten grams.
- 04US gold prices increased after hitting a one-week low.
- 05Global market factors are influencing local prices.
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The price of 24-carat gold in India has decreased by ₹10, now trading at ₹1,55,280 per ten grams. Similarly, silver prices fell by ₹100, with one kilogram selling at ₹2,64,900. The price for 22-carat gold also dropped by ₹10, standing at ₹1,42,340 per ten grams. Regional variations exist, with gold priced at ₹1,55,990 in Chennai and ₹1,55,430 in Delhi. In contrast, US gold prices have risen, attributed to lower oil prices and a recent ceasefire extension with Iran, which alleviated inflation concerns. As of the latest data, spot gold is priced at $4,739.94 per ounce, marking a 0.6% increase, while silver rose by 1% to $77.47 per ounce.
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The decline in gold and silver prices may affect local jewelers and consumers looking to purchase these metals, potentially leading to lower costs for jewelry and investment.
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