Gold Prices Rise Slightly; Silver Prices Decline in Indian Markets
Gold price climbs ₹10 to ₹1,50,940; silver down ₹100, trading at ₹2,49,900
Business Standard
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On Saturday, the price of 24-carat gold increased by ₹10, reaching ₹1,50,940 per 10 grams, while silver prices fell by ₹100 to ₹2,49,900 per kilogram. The fluctuations in prices come amid global market shifts, including a decline in US gold prices due to rising oil prices and inflation concerns.
- 0124-carat gold price rose by ₹10 to ₹1,50,940 per 10 grams.
- 02Silver price decreased by ₹100 to ₹2,49,900 per kilogram.
- 0322-carat gold price also increased by ₹10, reaching ₹1,38,360 per 10 grams.
- 04Prices vary slightly across major cities in India.
- 05US gold prices fell sharply, impacting global market trends.
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On Saturday, the price of 24-carat gold in India rose by ₹10, reaching ₹1,50,940 per 10 grams. Concurrently, the price of silver decreased by ₹100, settling at ₹2,49,900 per kilogram. The price of 22-carat gold also saw a minor increase of ₹10, priced at ₹1,38,360 per 10 grams. Prices differ slightly across major cities: in Mumbai, Kolkata, and Hyderabad, 24-carat gold is priced at ₹1,50,940, while in Chennai, it is ₹1,51,100. In Delhi, the price for 24-carat gold stands at ₹1,51,090. The decline in silver prices coincides with a significant drop in US gold prices, which fell sharply as oil prices surged due to geopolitical tensions, raising inflation concerns and affecting market expectations for US interest rate cuts.
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The rise in gold prices may influence investment decisions among buyers, while the decline in silver prices could affect those in the jewelry and metal trading sectors.
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