Gold and Silver Prices Decline Amid Global Market Trends
Gold price falls ₹10 to ₹1,52,340; silver down ₹100, trades at ₹2,74,900
Business Standard
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Gold prices fell by ₹10 to ₹1,52,340 per 10 grams, while silver decreased by ₹100, trading at ₹2,74,900 per kilogram. The decline in prices is attributed to rising oil prices and concerns about prolonged high inflation impacting interest rates.
- 0124-carat gold is priced at ₹1,52,340 per 10 grams.
- 02Silver prices decreased to ₹2,74,900 per kilogram.
- 03US gold prices fell due to rising oil prices and inflation concerns.
- 04Prices vary slightly across major Indian cities.
- 0522-carat gold is priced at ₹1,39,640 per 10 grams.
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In early trade on Monday, the price of 24-carat gold fell by ₹10, bringing the total to ₹1,52,340 per 10 grams. Meanwhile, silver prices decreased by ₹100, now trading at ₹2,74,900 per kilogram. The price of 22-carat gold also dropped by ₹10, with the current price at ₹1,39,640 per 10 grams. Prices differ across Indian cities, with Chennai recording the highest rates for both gold and silver. The decline in gold prices is linked to rising oil prices and inflation concerns, which have implications for interest rates. US gold prices also saw a drop, with spot gold falling 0.6% to $4,687.49 per ounce, while US gold futures lost 0.7%.
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The decline in gold and silver prices may influence consumer purchasing decisions, particularly for those looking to invest in jewelry or commodities.
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