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Latest gold-silver prices: There is good news for gold and silver buyers. Before Navratri (Navratri 2022), there was a sharp drop in the price of gold and silver. In fact, in the Indian bullion market, gold-silver rates have broken during this trading week. Over the past week, 24 karat gold (Gold Price Today) has become cheaper by Rs 1,522 for 10 grams. At the same time, the price of one kg of silver has dropped to Rs 793.
Gold and silver prices fell in a week
According to the Indian Bullion and Jewelers Association (IBJA), there was a sharp decline in the price of gold and silver during the business week (September 12-16, 2022). On the first day of the trading week, i.e. the evening of September 12, 2022 (Monday), the price of 24 karat gold was Rs 50,863 for 10 grams, which rose to Rs 49,341 September 16 (Friday). Meanwhile, the price of 24 karat gold fell by Rs 1,522.
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The price of 995 or 22 carat gold fell by Rs 1360 in one week. Meanwhile, the price of 916 karat gold jumped from Rs 50,659 per gram to Rs 49,144 per 10 grams within a week. That is to say, a drop of Rs 1,515 for 10 grams was noted. Meanwhile, 18K gold fell from Rs 1,141 for 10 grams to Rs 37,006 for 10 grams on Friday from Rs 38,147 on Monday. 14k gold fell from Rs. 891 per ten grams to Rs. 28,864 per ten grams on Friday from Rs 29,755 on Monday.
Gold to silver rates in Delhi, Mumbai and Kolkata including
Last week, gold and silver futures saw global price volatility ahead of the Federal Reserve meeting. According to Goodreturn, today 10 grams of 24 karat gold is available for Rs 50,130, while 22 karat gold is Rs 45,950. Today, the price of 1 and 8 grams of gold is 4 ₹595 and ₹36,760. Apart from this, 24 carat 10 gram gold is available at ₹50,130, 100 gram at ₹501,300, 1 gram at ₹5,013 and 8 gram at ₹40,104. Please note that the gold price on Goodreturn is updated daily. This rate comes from reputable jewelers across the country.
Among major cities, 24 karat gold per 10 grams is highest in Chennai, Coimbatore and Madurai at ₹50,620. While in cities like Delhi, Jaipur, Chandigarh and Lucknow, the price is ₹50,280. The price is ₹50,180 in cities like Bangalore, Ahmedabad, Surat, Mangalore and Mysore. The price is ₹50,160 in cities like Nashik, Nagpur, Patna, Pune and Vadodara. Moreover, in cities like Mumbai, Kolkata, Hyderabad, Kerala, Vijayawada, Bhubaneshwar and Visakhapatnam – 24 carat 10 grams of gold costs ₹50,130.
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Meanwhile, the price of 1 kg of silver is Rs 56,700 compared to the previous day. On Friday on MCX, gold futures for the October 5th expiry rose ₹22 to ₹49,334 and silver futures for the December 5th expiry closed at 56,729 ₹. On the global front, spot gold was trading up 0.75% near $1,675 an ounce.
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