Gold prices in India on Thursday witnessed a decline of Rs450 with a 10 grams of 22 carat gold costing Rs55,800 compared to Rs56,250 on Wednesday, according to figures by Goodreturns. Prices of one gram and eight grams of 22 carat gold have also declined Rs45 and Rs360, now costing at Rs5,580 and Rs44,640 respectively.
The price of 24 carat gold also slumped marginally on Thursday. The price of one gram of 24k gold stood at Rs6,087 while eight grams and 10 grams are priced at Rs48,696 and Rs60,870 respectively. The price of 100 grams of 24-carat gold is Rs6,08,700.
The prices of one gram, eight grams, 10 grams and 100 grams of 24-carat gold have declined by Rs49, Rs392, Rs490, and Rs4,900 respectively from Wednesday, according to Goodreturns.
Meanwhile, the prices of silver also witnessed a drop. A gram of silver is priced at Rs73.05 compared to Rs74.05 on Wednesday. Similarly, eight grams of silver is priced at Rs584.40, with a decrease of Rs8. The price of 10 grams of silver is available at Rs730.50 while one kg of silver will cost Rs73,050, with a slump of Rs1,000 from yesterday’ price, Goodreturns said.
CITY GOLD 22K (Rs/10 GRAM) SILVER (Rs/10 GRAM)
CHENNAI 56,250 765
MUMBAI 55,800 730.50
DELHI 55,950 730.50
KOLKATA 55,800 730.50
BENGALURU 55,850 765
Gold prices in India are sourced from some of the reputed jewellers and it dependent on the markets. The prices are determined by a range of factors including volatile policies, slowing economic growth and the strength of the Rupee against US dollar.
