In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 67,140, Rs 66,990, and Rs 67,590, respectively.
Gold Price Today: The price of 24-carat gold slipped Rs 10 in early trade on Saturday, with ten grams of the precious metal trading at Rs 73,080, according to the GoodReturns website. The price of silver, on the other hand, rose Rs 100, with one kilogram of the precious metal selling at Rs 93,300.
The price of 22-carat gold was down by Rs 10, with the yellow metal selling at Rs 67,000.
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 73,080.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 73,230, Rs 73,080, and Rs 73,740, respectively.
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 66,990.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 67,140, Rs 66,990, and Rs 67,590, respectively.
The price of one kilogram of silver in Delhi is in line with the cost of silver in Mumbai and Kolkata at Rs 93,300.
The price of one kilogram of silver in Chennai stood at Rs 97,800.
First Published: Jul 06 2024 | 8:21 AM IST
Price Fluctuations of Gold and Silver
The gold and silver market saw some fluctuations in prices, with 24-carat gold slipping by Rs 10 in early trade while 22-carat gold experienced a slight decrease of Rs 10 as well. On the other hand, silver prices rose by Rs 100 per kilogram, indicating some volatility in the precious metals market.
Regional Variations in Gold Prices
Across different cities in India, there were variations in the prices of both 22-carat and 24-carat gold. While Mumbai saw prices in line with Kolkata and Hyderabad for both types of gold, there were discrepancies in Delhi, Bengaluru, and Chennai. This regional disparity in gold prices can be attributed to various factors such as local demand, import costs, and taxes.
Demand for Silver in Chennai
Chennai stood out with a higher price for one kilogram of silver at Rs 97,800 compared to other cities like Delhi, Mumbai, and Kolkata where the price was consistent at Rs 93,300. This could indicate a higher demand for silver in Chennai, driving up the price in that particular market.
