Gold and Silver Prices Analyzed

The price of gold and silver changed a little on Wednesday. The cost of 24-carat gold dropped by ₹10, and silver also decreased by ₹100. These changes affect how much people pay for gold and silver in different cities.

Key Points

• Gold prices fell by ₹10 across major Indian cities.
• Silver prices dropped by ₹100, impacting market values.
• 24-carat gold was at ₹1,36,190 in Mumbai and Kolkata.
• 22-carat gold traded at ₹1,24,840 in most locations.
• Silver’s price varied by city, peaking at ₹2,57,900 in Chennai.
• Precious metals saw gains globally, especially platinum this year.

City-Specific Prices (Wednesday)

Here’s a breakdown of the gold prices in several Indian cities: In Mumbai and Kolkata, ten grams of 24-carat gold were priced at ₹1,36,190. Chennai saw a slightly higher price of ₹1,37,450 for the same amount. Delhi had a price of ₹1,36,340 for ten grams of 24-carat gold.

The prices for 22-carat gold were consistent across Mumbai, Kolkata, Bengaluru, Hyderabad, and Chennai, all at ₹1,24,840 for ten grams. Delhi’s 22-carat gold price was slightly higher at ₹1,24,990 for the same amount.

Silver prices also varied. In Delhi, Kolkata, and Mumbai, one kilogram of silver was valued at ₹2,39,900. Chennai saw a higher price of ₹2,57,900 for the same quantity. These changes reflect market demand and supply.

Globally, spot gold was down 0.3% at $4,334.20 per ounce. Spot silver was down 2.7% at $74.41 per ounce, while platinum dropped 3.4% to $2,123.55 per ounce, reaching record highs this year.

Ultimately, understanding these fluctuating prices is vital for informed investment decisions and market analysis.