Tuesday, June 25, 2024

Gold Price Slips Rs 10 to Rs 72,430; Silver Falls Rs 100 to Rs 91,400

Gold Price Today: The price of 24-carat gold dipped by Rs 10 early on Monday, May 27, selling at Rs 72,430 for ten grams, according to the GoodReturns website. Similarly, silver prices fell by Rs 100, with one kilogram priced at Rs 91,400.

The 22-carat gold price also declined by Rs 10, now selling at Rs 66,390 for ten grams.

In major cities, the price of ten grams of 24-carat gold is as follows:

Mumbai, Kolkata, and Hyderabad: Rs 72,430

Delhi: Rs 72,580

Bengaluru: Rs 72,430

Chennai: Rs 72,590

For 22-carat gold, the prices are:

Mumbai, Kolkata, and Hyderabad: Rs 66,390

Delhi and Chennai: Rs 66,540

Bengaluru: Rs 66,390

Silver prices are consistent across major cities:

Delhi, Mumbai, and Kolkata: Rs 91,400 per kilogram

Chennai: Rs 95,900 per kilogram

In the international market, gold prices edged up slightly on Monday but hovered near a two-week low from the previous session. Investors adjusted their expectations for a US interest rate cut after the Federal Reserve’s latest meeting indicated a likely delay in easing monetary policy. Spot gold rose 0.2% to $2,338.85 per ounce as of 0211 GMT, after hitting a low of $2,325.19 on Friday. Other precious metals also saw gains, with spot silver rising 0.8% to $30.59 per ounce, platinum up 1.2% to $1,037.90, and palladium increasing 1.6% to $979.25.

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