Gold and Silver Prices Rise in India Amid Global Market Trends
Gold price climbs ₹10 to ₹1,53,990; silver up ₹100, trades at ₹2,90,100
Business Standard
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On Wednesday, the price of 24-carat gold in India increased by ₹10 to ₹1,53,990 per ten grams, while silver rose by ₹100, reaching ₹2,90,100 per kilogram. The price variations across major cities reflect local demand and international market trends.
- 0124-carat gold price increased by ₹10 to ₹1,53,990 per ten grams.
- 02Silver price rose by ₹100, trading at ₹2,90,100 per kilogram.
- 0322-carat gold also saw a ₹10 increase, priced at ₹1,41,160 per ten grams.
- 04Price differences exist among major cities like Mumbai, Delhi, and Chennai.
- 05Global gold prices remained steady as investors await key geopolitical developments.
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On Wednesday, the price of 24-carat gold in India rose by ₹10, reaching ₹1,53,990 per ten grams. The price of 22-carat gold saw a similar increase, priced at ₹1,41,160 per ten grams. Silver also experienced a boost, with a ₹100 rise, bringing its price to ₹2,90,100 per kilogram. Prices vary across major Indian cities: in Chennai, 24-carat gold is priced at ₹1,56,340, while in Delhi, it stands at ₹1,54,140. The global market remains steady, with spot gold priced at $4,713.39 per ounce, as investors remain cautious ahead of a significant US-China summit in Beijing and ongoing tensions in the West Asia region. Analysts suggest that the fluctuations in gold and silver prices reflect both local demand and international economic factors.
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The rise in gold and silver prices may affect consumers looking to purchase jewelry or invest in precious metals, potentially increasing costs for buyers.
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