The prices of gold and silver saw a decline across key markets today, as the precious metals experienced notable drops in major cities such as Delhi, Chennai, Mumbai, and Kolkata.
In Delhi, the price of 24-carat gold dropped to ₹77,293 for 10 grams, down from ₹78,183 on 19th December 2024. Similarly, the price for 22-carat gold fell to ₹70,863 per gram, reflecting a decrease of ₹650 from the previous day. The silver rate in the capital also decreased to ₹94,500 per kilogram, down ₹1,000 from ₹95,500 the previous day.
Over the past week, the gold rate in Delhi has seen fluctuations. The price of 24-carat gold has dropped by 1.09%, while over the last month, it has experienced a marginal decline of 0.49%. Silver has also followed the downward trend, with a week-on-week decrease of ₹1,000.
In Chennai, the price of 24-carat gold today stands at ₹77,141 for 10 grams, down from ₹78,031 yesterday and ₹78,881 last week. Silver in Chennai is priced at ₹101,600 per kilogram, a decrease from ₹102,600 yesterday and ₹103,600 last week.
Mumbai also witnessed a drop in gold prices, with 10 grams of 24-carat gold now priced at ₹77,147, compared to ₹78,037 the previous day and ₹78,887 last week. Silver in Mumbai is priced at ₹93,800 per kilogram, reflecting a decrease from ₹94,800 yesterday and ₹95,800 last week.
In Kolkata, the price of 24-carat gold stands at ₹77,145 for 10 grams, down from ₹78,035 yesterday and ₹78,885 last week. The silver rate in Kolkata is ₹95,300 per kilogram, a reduction from ₹96,300 yesterday and ₹97,300 last week.
Looking at futures, gold contracts for February 2025 are trading at ₹75,768 for 10 grams on the MCX, showing a slight increase of ₹0.155. Meanwhile, silver futures for May 2025 are priced at ₹88,905 per kilogram, marking a small decline of ₹0.134.
The continued fluctuation in gold and silver prices reflects broader trends in the global commodities market, with local demand and currency fluctuations contributing to the price adjustments seen today.
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