Gold and silver prices dip slightly in India. Check latest 10 gram gold rates in Delhi, Mumbai, Chennai and silver price updates across cities.
Gold-Silver Rate Today: The Indian bullion market witnessed a slight decline in gold and silver prices on Saturday. Weak global cues, a hawkish stance by the US Federal Reserve, and a strengthening US dollar have put pressure on precious metals. Investors are gradually shifting from safe-haven assets like gold to equity markets and other yield-generating instruments.
Latest Gold Rates (Per 10 Grams)
The price of 24-carat gold is currently hovering around ₹1,46,480 per 10 grams, while 22-carat gold is priced at approximately ₹1,39,500 per 10 grams. Meanwhile, 18-carat gold is trading near ₹1,12,270 per 10 grams in the domestic market.
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City-Wise Gold Prices in India
In Delhi and Ghaziabad, 24-carat gold is priced at ₹1,46,480 per 10 grams, while 22-carat gold stands at ₹1,39,500. In Mumbai, 24-carat gold is trading at ₹1,49,500 and 22-carat at ₹1,37,040 per 10 grams. Kolkata mirrors Mumbai’s pricing with similar rates for both 24 and 22 carat gold.
In Chennai, gold prices remain comparatively higher, with 24-carat gold at ₹1,52,170 per 10 grams and 22-carat gold at ₹1,39,490. Bengaluru also follows a similar trend, with 24-carat gold priced at ₹1,49,500 and 22-carat at ₹1,37,040 per 10 grams.
Silver Price Movement
Silver prices are currently trading in the range of ₹2,49,900 to ₹2,55,000 per kilogram across India. In Delhi-NCR and Ghaziabad, silver is priced at ₹2,55,000 per kilogram, while in Mumbai and Kolkata it stands at ₹2,49,900. Chennai has recorded the highest silver rate at around ₹2,70,000 per kilogram.
Why Are Gold and Silver Prices Falling?
Market experts attribute the decline to multiple global factors. The US Federal Reserve’s hawkish monetary policy has raised expectations of prolonged higher interest rates, making interest-bearing assets more attractive than gold. As a result, investors are pulling funds out of bullion markets.
Another key factor is the strengthening US dollar, which has hit a one-year high in global markets. Since gold is internationally traded in dollars, a stronger currency makes it more expensive for buyers using other currencies, including the Indian rupee, thereby reducing demand.
Additionally, easing geopolitical tensions, including improved sentiment around US-Iran relations, have reduced demand for safe-haven assets like gold. Investors are also showing renewed interest in equity markets, further impacting bullion demand.
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