Gold and Silver Prices Analyzed

The price of gold and silver changed a little on Monday. The price of 24-carat gold dropped by ₹10, and 22-carat gold also decreased by ₹10. These changes affect how much people pay for gold and silver jewelry.

Key Points

• Gold prices dipped by ₹10 across major Indian cities.
• Silver prices also decreased, with a ₹100 drop.
• 24-carat gold was valued at ₹1,41,210 in Mumbai/Kolkata.
• 22-carat gold averaged ₹1,29,440 across major cities.
• Silver prices varied, reaching ₹2,50,900 in Delhi/Mumbai and ₹2,73,900 in Chennai.
• Global silver surged above $80, driven by supply issues and rate expectations.

Mumbai and Kolkata Updates

In Mumbai and Kolkata, 24-carat gold was listed at ₹1,41,210. This remained consistent with the 22-carat gold price, which was also ₹1,29,440 in those same cities.

Delhi Prices

Delhi saw a slightly higher price for 24-carat gold at ₹1,41,360. For 22-carat gold, the price was ₹1,29,590 in Delhi.

Global Market Trends

Outside India, the price of silver jumped significantly, reaching $82.15 per ounce due to limited supply and forecasts of lower interest rates. Gold also moved downwards, with spot gold trading at $4,527.79 per ounce.

“Understanding these daily fluctuations is crucial for making informed investment decisions in precious metals.”