Gold and Silver Prices Decline in Early Trade
Gold price falls ₹10 to ₹1,50,430; silver falls ₹100, trading at ₹2,54,900
Business Standard
Image: Business Standard
In early trade on Thursday, the price of 24-carat gold fell by ₹10 to ₹1,50,430, while silver decreased by ₹100, trading at ₹2,54,900 per kilogram. The decline reflects a broader trend influenced by fluctuating global market conditions and inflation concerns.
- 0124-carat gold price decreased by ₹10 to ₹1,50,430.
- 02Silver price fell by ₹100, now at ₹2,54,900 per kilogram.
- 0322-carat gold also saw a decline, trading at ₹1,37,890.
- 04Gold prices in major cities like Mumbai and Delhi showed slight variations.
- 05Global gold prices rebounded slightly, influenced by a weaker US dollar.
Advertisement
In-Article Ad
On Thursday, the price of 24-carat gold fell by ₹10, bringing it to ₹1,50,430 per ten grams. The price of 22-carat gold also decreased by ₹10, trading at ₹1,37,890. In major Indian cities, prices varied slightly, with Delhi reporting ₹1,50,580 for 24-carat gold and ₹1,38,040 for 22-carat gold. Silver prices dropped by ₹100, now at ₹2,54,900 per kilogram across major cities like Delhi, Kolkata, and Mumbai. The decline in gold and silver prices comes as the global market sees fluctuations, with US gold prices rebounding slightly after hitting a one-month low, supported by a softer US dollar. However, concerns over inflation and sustained high oil prices continue to loom over the market.
Advertisement
In-Article Ad
The decline in gold and silver prices may affect jewelry buyers and investors, potentially leading to lower costs for gold jewelry and investment opportunities.
Advertisement
In-Article Ad
Reader Poll
Do you think gold prices will continue to fall in the coming weeks?
Connecting to poll...
Read the original article
Visit the source for the complete story.