Gold Price Today: Gold prices have dropped further; here is the rate at which it is currently selling from Delhi to Patna..
Gold Rate Today in India: Gold prices have dipped for the second consecutive day as the market adopts a cautious stance regarding the US Federal Reserve's interest rate outlook, while silver has also come under pressure due to subdued industrial demand. Regarding gold, prices have fallen by ₹230 for 24-carat and ₹210 for 22-carat gold (per 10 grams) over the past two days, following a period of stability. Today, the price of 10 grams of both 24-carat and 22-carat gold has dropped by ₹10 in the national capital, Delhi. Silver has also seen its shine fade; after remaining stable for seven consecutive days, its price has declined today, with the cost of one kilogram of silver dropping by ₹100. City-wise Gold Prices
Let’s find out the price of 10 grams of gold (18-carat, 22-carat, and 24-carat purity) across 10 major cities in the country...
City 24-Carat Gold Price (10g) 22-Carat Gold Price (10g) 18-Carat Gold Price (10g)
Delhi ₹1,44,140 ₹1,32,140 ₹1,08,140
Mumbai ₹1,43,990 ₹1,31,990 ₹1,07,990
Kolkata ₹1,43,990 ₹1,31,990 ₹1,07,990
Chennai ₹1,43,990 ₹1,31,990 ₹1,10,140
Bengaluru ₹1,43,990 ₹1,31,990 ₹1,07,990
Hyderabad ₹1,44,210 ₹1,32,190 ₹1,08,150
Lucknow ₹1,44,140 ₹1,32,140 ₹1,08,140
Patna ₹1,44,040 ₹1,32,040 ₹1,08,040
Jaipur ₹1,44,140 ₹1,32,140 ₹1,08,140
Ahmedabad ₹1,44,040 ₹1,32,040 ₹1,08,040
Silver Prices Drop After Seven Days of Stability
As for silver, prices have declined today following seven consecutive days of stability. Prior to this seven-day period of stability, the price of one kilogram of silver had dropped by ₹5,000 on July 28. As for today, the price of silver in Delhi has dropped by ₹100, bringing it to ₹2,34,900 per kilogram. It is trading at this same rate in other major metropolitan cities like Mumbai, Kolkata, and Chennai.
What the experts say
The US Federal Reserve has expressed concerns regarding inflation, causing the market to remain cautious. Investors are now closely watching key US economic data, including the non-farm payroll report and other labor market indicators. These figures could influence future trends regarding interest rate changes. This week, the performance of gold and silver will be determined by US employment data, fluctuations in the dollar, crude oil prices, and evolving trends concerning Federal Reserve interest rates.
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