Gold and Silver Prices Decline on April 10, 2023
Gold, silver rate today, 10 April: Check live price of 24 kt, 22 kt, 18 kt gold and 10 gm, 100 gm, 1 kg silver
Mint
Image: Mint
On April 10, 2023, gold prices fell by 0.60% to ₹1,52,561 per 10 grams, while silver prices decreased by 0.70% to ₹2,42,067 per kg. The decline is attributed to profit booking amid a strengthening US dollar and ongoing concerns regarding the US-Iran ceasefire.
- 01Gold prices dropped to ₹1,52,561 per 10 grams.
- 02Silver prices fell to ₹2,42,067 per kg.
- 03The decline is linked to profit booking and a stronger US dollar.
- 04Gold rates vary across major Indian cities.
- 05Silver rates also show slight variations in different regions.
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On April 10, 2023, gold and silver prices experienced a decline in the Multi Commodity Exchange (MCX) during early trading. The price of gold decreased by 0.60%, settling at ₹1,52,561 per 10 grams, while silver prices fell by 0.70%, reaching ₹2,42,067 per kg. This downturn is largely attributed to profit booking as investors reacted to a strengthening US dollar and ongoing concerns regarding the US-Iran ceasefire. The rise in crude oil prices by 1% has also contributed to the market's cautious sentiment. Gold prices vary across major Indian cities, with rates for 24 karat gold in Delhi at ₹1,52,340, in Mumbai at ₹1,52,600, and in Chennai at ₹1,53,000. Similarly, silver prices differ slightly, with rates in Delhi at ₹2,421 for 10 grams and ₹2,42,130 for 1 kg. Investors are advised to stay informed about market trends as these fluctuations may impact buying decisions.
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The decline in gold and silver prices may influence consumer purchasing decisions, particularly for jewelry and investment purposes.
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