In the latest market developments, gold prices have experienced a decline, becoming more affordable for consumers. HDFC Securities reported a drop in gold prices in Delhi, where the rate fell by Rs 80, bringing the price to Rs 61,820 per 10 grams. This decrease comes after a previous closing at Rs 61,900.
In the realm of futures trade, gold’s value also dipped. On the Multi Commodity Exchange, the February delivery contracts for gold decreased by Rs 52, settling at Rs 61,129 per 10 grams. This represents a modest 0.08 percent fall, with a total turnover of 14,718 lots.
Mirroring gold’s trend, silver prices also saw a significant reduction. Today, silver plummeted by Rs 700, now priced at Rs 75,050 per kilogram. The international market reflected this downward trend, with silver priced at $22.70 an ounce.
The price of gold varies across different cities in India. In Delhi, 10 grams of 24 carat gold is currently valued at Rs 61,950. Similar prices are observed in Jaipur, where 10 grams of 24 carat gold also costs Rs 61,950. In Patna, the rate for the same quantity and purity is slightly lower at Rs 61,850.
Kolkata’s gold market is offering 10 grams of 24 carat gold at Rs 61,800, a price matched by Mumbai, Bengaluru, and Hyderabad. In these cities, consumers can purchase 10 grams of 24 carat gold for Rs 61,800.