Gold and silver prices dipped on October 14 after a weekend rally. In Delhi, 24K gold dropped by ₹10 to ₹77,810 per 10 grams, while 22K gold fell to ₹71,340. Silver also declined by ₹100, trading at ₹96,900 per kg in major cities.
Gold and Silver Prices Ease After Weekend Rally
Gold and silver prices traded lower on Monday, October 14, following a weekend rally. In Delhi markets, 24K gold prices dropped by ₹10 to ₹77,810 per 10 grams, while 22K gold also declined by ₹10 to ₹71,340 per 10 grams.
Gold Price Today in Major Cities:
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
Delhi | ₹71,340 | ₹77,810 |
Mumbai | ₹71,190 | ₹77,660 |
Chennai | ₹71,190 | ₹77,660 |
Kolkata | ₹71,190 | ₹77,660 |
Also Read : Gold Rate Today In India 2024 – Today’s Gold Price In India
Silver Prices Dip in Major Cities
Silver prices followed the downward trend, falling by ₹100 per kg to ₹96,900 per kg in major Indian cities like Delhi and Mumbai. This comes after a strong weekend performance where silver jumped ₹2,000 per kg on Friday, driven by higher industrial demand.
Silver Price Today in Major Cities:
City | Silver Price (per kg) |
Delhi | ₹96,900 |
Mumbai | ₹96,900 |
Chennai | ₹1,02,900 |
Kolkata | ₹96,900 |
Also Read : Silver Rate Today In India 2024 – Silver Price In India
Weekend Rally in Gold and Silver Prices
Over the weekend, gold prices surged by ₹1,040 per 10 grams, reaching ₹77,820 in Delhi, supported by geopolitical tensions in West Asia. Silver added ₹3,000 per kg on Friday and Saturday, boosted by demand from coin makers and industrial buyers.
Gold and Silver Price Comparison of This Week :
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
Oct 14, 2024 | ₹71,190 | ₹77,660 | ₹96,900 |
Oct 12, 2024 | ₹71,200 | ₹77,670 | ₹97,000 |
Oct 11, 2024 | ₹70,240 | ₹76,630 | ₹96,000 |
Oct 10, 2024 | ₹70,300 | ₹76,690 | ₹94,000 |
Oct 9, 2024 | ₹70,990 | ₹77,440 | ₹95,900 |
Oct 8, 2024 | ₹70,990 | ₹77,440 | ₹96,800 |
Oct 7, 2024 | ₹71,190 | ₹77,660 | ₹96,900 |
Global Trends Impact Gold Prices
Gold prices eased globally on Monday after a strong rally on Friday and Saturday, trading 0.43% lower at $2,645 an ounce. Weak economic data from China, a major gold consumer, influenced the decline, despite earlier gains driven by West Asian geopolitical concerns.
Gold and Silver Price Trends This Festive Season
The recent price movements come as India approaches the festive season, including Diwali and Dhanteras. Both gold and silver saw strong gains last week due to increased consumer demand, but Monday’s dip signals market corrections after the weekend’s significant rally.