Gold Prices Dip by ₹300 to ₹500 per 10 Grams in 12 Major Cities

New Delhi : If you’ve been considering purchasing gold jewelry, today brings promising news.

Gold prices have witnessed a substantial reduction, dropping by Rs 300 to Rs 500 per 10 grams.

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In prominent cities across the nation, the price of 24 carat gold is now trading below the Rs 59,500 mark. Furthermore, silver prices have also experienced a decline, with a Rs 500 drop.

Gold Rates in Delhi:

The price for 22 carat gold in Delhi stands at Rs 54,600 per 10 grams. Customers interested in 24 carat gold will need to pay Rs 59,500 per 10 grams.

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Gold Rates in Ahmedabad:

In Ahmedabad, Gujarat, the retail price for 22 carat gold is Rs 54,550 per 10 grams. Meanwhile, 24 carat gold in the same city is priced at Rs 59,500 per 10 grams.

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Gold Rates in Chennai:

Chennai, the capital of Tamil Nadu, reports a rate of Rs 54,800 per 10 grams for 22 carat gold.

The price for 24 carat gold in Chennai is recorded at Rs 59,780 per 10 grams.

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Gold Rates in Major Cities:

Below are the latest rates in major cities:

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CityPrice of 22 Carat (10g)Price of 24 Carat (10g)
Mumbai54,50059,450
Gurugram54,65059,600
Kolkata54,50059,450
Lucknow54,65059,600
Bangalore54,50059,450
Jaipur54,65059,600
Patna54,55059,500
Bhubaneswar54,50059,450
Hyderabad54,50059,450

 

Factors Influencing Gold Prices:

Gold prices are primarily determined by the interplay of supply and demand in the market. An increase in demand generally leads to higher prices, while a surplus in supply can result in declines.

Additionally, global economic conditions play a pivotal role in influencing gold prices. During periods of economic instability, gold often serves as a safe haven investment, causing its price to rise.

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Therefore, the price reduction observed today may be attributed to changes in these significant factors affecting the gold market.

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