Key Takeaways:
- Ten grams of 24-carat gold in Mumbai is priced at Rs 72,540.
- The price of 22-carat gold in Mumbai, Kolkata, and Hyderabad is Rs 66,490.
- Silver prices have also seen a dip, with one kilogram priced at Rs 90,900.
Gold and Silver Price Update
The price of 24-carat gold fell Rs 10 in early trade, with ten grams now selling at Rs 72,540. Silver prices also dropped by Rs 100, with one kilogram of the precious metal priced at Rs 90,900.
In different cities, the prices vary slightly. In Delhi, Bengaluru, and Chennai, ten grams of 24-carat gold are priced at Rs 72,690, Rs 72,540, and Rs 73,140, respectively. In Mumbai, the price of ten grams of 22-carat gold matches that of Kolkata and Hyderabad at Rs 66,490.
US gold prices have also seen a slight decrease due to higher US Treasury yields. Spot gold is currently at $2,326.78 per ounce, with US gold futures falling to $2,341.70. Similarly, spot silver has fallen to $29.46 per ounce.
Current Gold and Silver Prices in Different Cities:
| City | 24-Carat Gold (10g) | 22-Carat Gold (10g) | Silver (1kg) |
|---|---|---|---|
| Mumbai | Rs 72,540 | Rs 66,490 | Rs 90,900 |
| Delhi | Rs 72,690 | Rs 66,640 | – |
| Bengaluru | Rs 72,540 | Rs 66,490 | – |
| Chennai | Rs 73,140 | Rs 67,040 | Rs 95,500 |
FAQs
1. Why have gold and silver prices dropped?
The prices have seen a decline due to higher US Treasury yields and market participants’ anticipation of Federal Reserve interest rate cuts.
2. How do gold prices differ across cities in India?
Prices of both 24-carat and 22-carat gold can vary slightly from city to city, with Mumbai, Kolkata, and Hyderabad seeing similar rates.
3. What are the current international gold prices?
Spot gold is at $2,326.78 per ounce, with US gold futures at $2,341.70, indicating a slight decrease in prices.
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