Home » BUSINESS & MONEY » Precious Metals Decline as Rupee Firms; Gold and Silver Prices Fall

Precious Metals Decline as Rupee Firms; Gold and Silver Prices Fall

Representational image

Delhi, 31 October (H.S.): After a brief one-day rally, domestic bullion markets saw a downturn this Friday, with both gold and silver prices registering a significant fall. The decline is largely attributed to a strengthening U.S. dollar, which has gained amid easing trade tensions between the United States and China.

In today’s trading, the price of gold has fallen by approximately ₹870 to ₹9,400 per 10 grams, depending on purity and location. Silver prices have also weakened, dropping by about ₹1,200 per kilogram.Across major metropolitan markets, 24-carat gold is currently trading in a range of ₹1,21,470 to ₹1,21,620 per 10 grams.

Meanwhile, 22-carat gold is being sold for between ₹1,11,340 and ₹1,11,490 per 10 grams. Following the price drop, silver is trading at around ₹1,50,900 per kilogram in the Delhi bullion market.

In the national capital, Delhi, 24-carat gold was priced at ₹1,21,620 per 10 grams, while 22-carat gold stood at ₹1,11,490. In Mumbai, the country’s financial hub, 24-carat gold was trading at ₹1,21,470 and 22-carat gold at ₹1,11,340 per 10 grams.

Similarly, in Ahmedabad, the retail price for 24-carat gold was recorded at ₹1,21,520, with 22-carat gold at ₹1,11,390 per 10 grams.This downward trend was consistent across other major cities.

In Chennai, Kolkata, Bengaluru, Hyderabad, and Bhubaneswar, 24-carat gold was uniformly trading at ₹1,21,470 per 10 grams, and 22-carat gold at ₹1,11,340 per 10 grams. In other key centers like Lucknow, Jaipur, and Patna, prices also reflected this nationwide decline, with minor regional variations.

Hindusthan Samachar / Jun Sarkar

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post