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Gold and Silver Prices Slide: 24K Dips to ₹79,500 Amid Weak Demand and Strong Dollar!

Gold and silver prices declined in the latest trading across major Indian cities due to weak demand and a strong dollar, with 24K gold falling to ₹79,500/10 grams.
Gold and Silver Prices Slide: 24K Dips to ₹79,500 Amid Weak Demand and Strong Dollar!

In the latest trading on Monday, gold and silver prices fell across major Indian cities, with 24K gold dropping ₹10 to ₹79,500 per 10 grams and 22K to ₹72,890. Silver prices decreased by ₹100 per kg, influenced by weak local demand and a strong dollar.

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Price movement of Gold And Silver Prices:

In recent trading, gold and silver prices have declined amid a strengthening US dollar and weak global demand. Gold fell by ₹10 to ₹79,500 per 10 grams in Delhi, while silver dropped by ₹100 per kg across major Indian cities. This trend reflects broader market adjustments and investor reactions to global economic cues.

Gold And Silver Prices Today:

Gold prices in Delhi saw a slight decrease, with 24K gold falling by ₹10 to ₹79,500 per 10 grams and 22K dipping to ₹72,890 per 10 grams. This decline reflects broader trends influenced by a stronger US dollar and weak global cues.

Also Read : Gold Rate Today In India 2024 – Today’s Gold Price In India

Gold Price Today in Major Cities:

City22K Gold (per 10gm)24K Gold (per 10gm)
Delhi₹72,890₹79,500
Mumbai₹72,740₹79,350
Chennai₹72,740₹79,350
Kolkata₹72,740₹79,350

Silver prices also declined by ₹100 per kg across major Indian cities, a movement attributed to weak local demand. Despite a recent rally, the price settled down early Monday, aligning with the fluctuations seen in the gold market.

Also Read: Silver Rate Today In India

Silver Price Today in Major Cities:

CitySilver Price (per kg)
Delhi₹93,900
Mumbai₹93,900
Chennai₹1,02,900
Kolkata₹93,900

In international markets, spot gold traded at around $2,671 an ounce after peaking at $2,686, impacted by the US dollar’s strength. Similarly, spot silver slightly increased, trading at $31.37 an ounce, showing some resilience amid the market’s volatility.

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Overall, precious metals have experienced mixed fortunes recently, with gold and silver prices adjusting to global economic signals and currency strength. The markets remain sensitive to international economic policies and investor sentiment, driving day-to-day price changes.

Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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