Gold and Silver Prices Analyzed

The prices of gold and silver changed a little on Tuesday. 24-carat gold saw a decrease, with 10 grams selling for ₹1,39,240. Silver also dropped in price. These changes are important for anyone buying or selling these metals.

Key Points

• Gold prices fell across major cities: Mumbai, Kolkata, and Chennai.
• 24-carat gold’s price varied by location, showing regional differences.
• Silver’s price decreased significantly, impacting its market value.
• Investor profit-taking and reduced risk influenced gold’s movement.
• Silver experienced a sharp decline, reaching a record low earlier.
• Platinum and palladium also saw substantial price drops on Tuesday.

Gold Price Details

In Mumbai and Kolkata, 10 grams of 24-carat gold were at ₹1,39,240. Chennai saw slightly higher prices, with 10 grams at ₹1,42,030. Delhi’s price was ₹1,39,390 for 10 grams of 24-carat gold.

Silver Price Details

The price of one kilogram of silver was ₹2,57,900 in Delhi, Kolkata, and Mumbai. In Chennai, it was slightly higher at ₹2,80,900. These fluctuations are linked to global investor behavior and perceived risks.

Global Market Trends

Globally, gold prices fell due to investors taking profits and a lessening fear about global problems. The price of gold dropped by 1.9% to $4,448.23 an ounce. Silver also saw a significant drop, falling by 5.4% to $74.90 an ounce.

Changes in gold and silver prices reflect shifts in investor sentiment and global economic factors.