Ahead of the festive season, gold prices in India appear to have gone down because it fell below Rs 44,000 per 10 gram of 22-carat gold on Saturday. As per the Good Returns web site, it additionally noticed a dip of Rs 160 per 10 gram for each 22-carat and 24-carat gold.
After this, the gold charges (10 gram of twenty-two carat) fell right down to Rs 43,760 from the earlier Rs 43,920 and the worth of 24-carat gold fell to Rs 44,760Â from Rs 44,920 per 10 grams. Notably, gold charges plunged by over Rs 10,000 or 18% per 10 gm in the final 6 months from Rs 56,200 per 10 gm in August final 12 months.
The web site additionally revealed that the worth of 22-carat gold in Delhi is Rs 43,850 per 10 gm, whereas in Chennai it’s buying and selling at Rs 42,160 In Mumbai, the dear steel is being offered at Rs 43,760, In Vadodara and Ahmedabad, the prices remained below Rs 44,000 — Rs 44,200 to be particular (for the ten grams of 22-carat gold).
Gold prices slipped in the direction of a one-week low on Friday, heading in the right direction for a primary weekly decline in three, with bullion pressured by a rallying greenback following constructive US financial information and as vaccine roll-outs gathered steam.
Spot gold was down 0.2% at $1,724.03 per ounce by 0420 GMT on Friday, having hit a one-week low of $1,721.46 in the earlier session. US gold futures have been down 0.1% at $1,722.70 per ounce.
