Gold and Silver Prices Dip Amid Global Trends
Gold price dips ₹10 to ₹1,49,170; silver down ₹100, trades at ₹2,54,900
Business Standard
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On Wednesday, the price of 24-carat gold in India fell by ₹10 to ₹1,49,170 per 10 grams, while silver decreased by ₹100 to ₹2,54,900 per kilogram. This decline comes as US gold prices rose due to a weaker dollar and easing inflation fears.
- 0124-carat gold price decreased by ₹10 to ₹1,49,170 per 10 grams.
- 02Silver prices dropped by ₹100, trading at ₹2,54,900 per kilogram.
- 0322-carat gold also saw a decline, priced at ₹1,36,740 per 10 grams.
- 04US gold prices increased by over 1% due to a weaker dollar.
- 05Spot gold rose 1.3% to $4,617.19 per ounce in global markets.
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In early trading on Wednesday, the price of 24-carat gold in India fell by ₹10, bringing the price to ₹1,49,170 per 10 grams. The 22-carat gold price also decreased by ₹10, now at ₹1,36,740 for the same quantity. Meanwhile, silver prices dipped by ₹100, trading at ₹2,54,900 per kilogram. Regional variations were noted, with Chennai showing higher rates for both gold and silver. On the global front, US gold prices rose by over 1%, driven by a weaker dollar and lower oil prices that eased inflation concerns amid hopes for a peace deal between the US and Iran. Spot gold reached $4,617.19 per ounce, while spot silver increased by 2.4% to $74.60 per ounce.
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The decline in gold and silver prices may influence consumer purchasing decisions, particularly for jewelry and investment, as prices become more attractive.
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