Gold prices witness a decline in India
Gold prices in India have witnessed a decline once again, much to the delight of the buyers. As per reports, on Thursday, gold prices fell to Rs. 44,100 for 10 grams, marking a decline of Rs. 68 from the previous day. Meanwhile, silver prices increased by Rs. 175 to Rs. 71,999 per kilogram. The drop in gold prices is being attributed to the strengthening of the Indian rupee against the US dollar.
Latest gold rates in major Indian cities
The following are the latest gold rates in some of the major cities in India:
– Delhi: 22k- Rs. 55,750 per 10 grams, 24k- Rs. 60,830 per 10 grams
– Mumbai: 22k- Rs. 55,600 per 10 grams, 24k- Rs. 60,650 per 10 grams
– Kolkata: 22k- Rs. 55,600 per 10 grams, 24k- Rs. 60,680 per 10 grams
– Chennai: 22k- Rs. 55,900 per 10 grams, 24k- Rs. 61,000 per 10 grams
– Patna: 22k- Rs. 55,550 per 10 grams, 24k- Rs. 60,600 per 10 grams
Gold prices hit an all-time high on May 4, 2023, when it touched Rs. 61,646 for 10 grams. As of now, silver is available at a relatively cheaper rate, at Rs. 79,810 per kilogram.
Conclusion
Indian buyers of gold and silver have a reason to rejoice as gold prices have fallen once again. The drop in prices is being attributed to the strengthening of the Indian rupee against the US dollar. The latest gold rates in some of the major cities in India have been listed, and silver is available at a cheaper rate now.
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