The price of 24-karat gold fell by Rs 10 during early trade on Monday, April 15, with ten grams of the precious metal trading at Rs 72,540, according to the Good return website. The price of silver also registered a decline of Rs 100 and reached Rs 85,400.
The price of 22-carat gold fell by Rs 10, while the yellow metal was sold at Rs 66,490.
The price of ten grams of 24-carat gold in Mumbai at Rs 72,540 is in line with gold prices in Kolkata and Hyderabad.
In Delhi, Bengaluru and Chennai, the price of ten grams of 24-carat gold was Rs 72,690, Rs 72,540 and Rs 74,790 respectively.
In Mumbai, the price of ten grams of 22-carat gold is comparable to that in Kolkata and Hyderabad at Rs 66,490.
In Delhi, Bengaluru and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,640, Rs 66,490 and Rs 68,560 respectively.
The price of one kilogram of silver in Delhi, Mumbai and Kolkata was Rs 85,400.
The price of one kilogram of silver in Chennai was Rs 88,900.
Gold prices rose slightly on Monday, hovering below the previous session’s record high, as escalating tensions in the Middle East boosted the precious metal’s appeal as a safe haven.
Spot gold rose 0.3 percent to $2,350.59 an ounce as of 0056 GMT. Bullion hit an all-time high of 2,431.29 on Friday.
Spot silver rose 0.4 percent to $27.98 an ounce, platinum fell 0.1 percent to $973.05 and palladium lost 1 percent to $1,038.99.
Goldman Sachs raised its year-end gold price forecast to $2,700 an ounce from $2,300, saying the metal’s bull market is not driven by the usual macro factors.
(With input from Reuters)
First print: April 15, 2024 | 8:05 am IST