Gold Prices Dip While Silver Sees Gains in Early Trade
Gold price falls ₹10 to ₹1,52,670; silver rises ₹100, trading at ₹2,75,100
Business Standard
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On Saturday, the price of 24-carat gold fell by ₹10 to ₹1,52,670, while silver prices increased by ₹100, reaching ₹2,75,100 per kilogram. Despite the drop in gold prices domestically, international markets showed a slight upward trend due to easing inflation concerns.
- 0124-carat gold price decreased by ₹10 to ₹1,52,670.
- 02Silver price rose by ₹100 to ₹2,75,100 per kilogram.
- 0322-carat gold also fell by ₹10, priced at ₹1,39,940.
- 04Gold prices varied across cities, with Chennai showing the highest rates.
- 05International gold and silver prices reflected gains amid easing inflation concerns.
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In early trade on Saturday, the price of 24-carat gold decreased by ₹10, bringing it down to ₹1,52,670 per ten grams. The 22-carat gold also fell by ₹10, selling at ₹1,39,940. In contrast, the price of silver rose by ₹100, reaching ₹2,75,100 per kilogram. Prices varied across different cities, with Chennai recording the highest gold rates. In international markets, gold prices showed a slight increase, driven by optimism regarding a potential resolution to the Iran conflict, which helped alleviate inflation concerns. Spot gold rose by 0.5 percent to $4,709.89 per ounce, while silver increased by 2.1 percent to $80.09 per ounce, both indicating positive weekly trends.
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The slight decrease in gold prices may affect consumer buying decisions, especially for jewelry and investment purposes, while the rise in silver prices could encourage more purchases in that market.
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