Gold and Silver Prices Decline in Early Trade
Gold price falls ₹10 to ₹1,50,650; silver down ₹100, trades at ₹2,49,900
Business Standard
Image: Business Standard
In early trading on Monday, the price of 24-carat gold fell by ₹10 to ₹1,50,650 per ten grams, while silver decreased by ₹100 to ₹2,49,900 per kilogram. The price of 22-carat gold also dropped by ₹10, reflecting a broader trend in precious metal prices.
- 0124-carat gold price fell to ₹1,50,650 per 10 grams.
- 0222-carat gold price decreased to ₹1,38,090 per 10 grams.
- 03Silver price declined to ₹2,49,900 per kilogram.
- 04Prices varied slightly across major cities in India.
- 05US gold prices remained steady amid geopolitical tensions.
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On Monday, the price of 24-carat gold dropped by ₹10, bringing it to ₹1,50,650 per ten grams. Similarly, 22-carat gold also saw a decrease of ₹10, now priced at ₹1,38,090 per ten grams. In terms of silver, the price fell by ₹100, with one kilogram trading at ₹2,49,900. Prices varied slightly across major Indian cities, with Chennai showing the highest rates for both gold and silver. In Chennai, 24-carat gold is priced at ₹1,52,630 per ten grams, while 22-carat gold is at ₹1,39,910. The price of silver in Chennai is notably higher at ₹2,60,100 per kilogram. Meanwhile, in the US, gold prices remained stable as investors await developments regarding the Strait of Hormuz, a significant geopolitical flashpoint.
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The decline in gold and silver prices may affect local jewelers and consumers looking to purchase these metals for investments or celebrations.
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