Gold prices in India today faced significant declines, with the 24k variety dropping by Rs 17,900 for 100 grams, priced at Rs 7,85,600 from the previous Rs 8,03,500. The U.S. dollar strengthening due to election results influenced this volatility.
The price for 22k gold also saw a considerable drop, with 10 grams now priced at Rs 72,000, down from Rs 73,650. This reflects a decrease of Rs 1,650 in just one day. Gold volatility was mirrored across different purity levels amid the stronger dollar.
Also Read: Check out today’s gold rate in India here!
In India, 10 grams of 18k gold is now priced at Rs 58,910, reflecting a Rs 1,350 decrease from Rs 60,260 on Wednesday. Similarly, the rate for 100 grams of 18k gold fell to Rs 5,89,100, a decrease of Rs 15,500.
Spot gold prices also showed a downward trend, reaching $2,656.34 per ounce, down by 0.1% as of 0327 GMT. This drop followed the strengthening U.S. dollar, influenced by election results that boosted investor confidence in the currency.
Also Read: Check Out Silver Rate Today In India!
Silver prices were not exempt from this trend. In India, the rate per kilogram dropped to Rs 93,000 from Rs 96,000 the previous day, marking a decline of Rs 3,000. Similarly, 10 grams of silver fell to Rs 930 from Rs 960, down by Rs 30.
Gold and silver both saw significant price drops due to the surge in the U.S. dollar index, which rose to 105 following election results. The robust dollar impacted precious metals, leading to price declines in the domestic market and reflecting global market trends.
