The price of 24-carat gold in India experienced a slight dip of Rs 10 in early trade on Monday, with ten grams of the precious metal trading at Rs 86,660, according to the GoodReturns website. Similarly, silver prices also saw a decrease, falling by Rs 100 to Rs 99,400 per kilogram.
The price of 22-carat gold also edged lower by Rs 10, with ten grams of this variant selling at Rs 79,440.
In major Indian cities, gold prices remained consistent. In Mumbai, the price of ten grams of 24-carat gold matched those in Kolkata, Chennai, and Hyderabad at Rs 86,660. In Delhi, however, the price of ten grams of 24-carat gold stood slightly higher at Rs 86,810. The price of 22-carat gold was the same across Mumbai, Kolkata, Bengaluru, Chennai, and Hyderabad at Rs 79,440, while in Delhi, it was slightly higher at Rs 79,590.
For silver, one kilogram in Delhi was priced similarly to Bengaluru, Kolkata, and Mumbai at Rs 99,400, but in Chennai, the price was significantly higher at Rs 1,06,900.
Global Gold Prices Firm Amid Trade War Fears
In global markets, U.S. gold prices saw a slight increase on Monday, holding near the record highs reached in the previous session. Investors have flocked to gold as a safe-haven asset following U.S. President Donald Trump’s decision to impose new tariffs, which has raised concerns of a global trade war.
As of 0005 GMT, spot gold was up 0.3% at $2,868.66 per ounce, following a record high of $2,886.62 on Friday. Meanwhile, spot silver remained steady at $31.82 per ounce. Platinum fell by 0.3% to $973.60 per ounce, while palladium rose by 0.4% to $968.29 per ounce.
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