Gold and Silver Prices Decline in India Amid Global Market Trends
Gold price falls ₹10 to ₹1,52,450; silver down ₹100, trading at ₹2,54,900
Business Standard
Image: Business Standard
On Tuesday, the price of 24-carat gold in India fell by ₹10 to ₹1,52,450 per 10 grams, while silver decreased by ₹100 to ₹2,54,900 per kilogram. This decline comes as US gold prices rise due to a weaker dollar and easing inflation concerns.
- 0124-carat gold price in India is now ₹1,52,450 per 10 grams.
- 02Silver is priced at ₹2,54,900 per kilogram.
- 0322-carat gold also fell by ₹10, trading at ₹1,39,740.
- 04US gold prices increased, supported by a weaker dollar.
- 05Global market trends are influencing local prices.
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The price of 24-carat gold in India has decreased by ₹10, bringing it to ₹1,52,450 per 10 grams as of Tuesday. Similarly, silver prices have dropped by ₹100, now trading at ₹2,54,900 per kilogram. The 22-carat gold price also fell by ₹10, settling at ₹1,39,740. Regional variations in gold prices are noted, with Chennai showing higher rates for both gold and silver. This local decline contrasts with the rise in US gold prices, which have increased due to a weaker dollar and reduced inflation concerns, with spot gold rising 0.6% to $4,769.52 per ounce. Analysts suggest that these global trends are impacting local markets, indicating a complex interplay between domestic and international factors.
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The decline in gold and silver prices may affect local buyers, potentially leading to lower costs for jewelry and investment purchases.
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