New Delhi, 25 June (IANS). Gold and silver are good news for buyers. The price of both precious metals saw a decline on Wednesday.
According to the India Bullion Jewelers Association (IBJA), the price of 10 grams of 24 carats has come down by Rs 106 to Rs 97,157, which was earlier Rs 97,263.
The price of 22 carat gold has come down to Rs 88,996 per 10 grams, which was earlier Rs 89,093. At the same time, the price of 18 carat gold has been reduced from Rs 72,947 per 10 grams to Rs 72,868 per 10 grams.
There has also been a decline in silver prices along with gold. The price of silver has come down by Rs 767 to Rs 1,05,200 per kg, which was earlier Rs 1,05,967 per kg.
Gold and silver have seen a boom in the futures market.
The price of the contract of 5 August 2025 on the multi -commodity exchange (MCX) increased by 0.32 percent to Rs 97,335 and the price of silver on July 4, 2025, increased by 0.06 percent to Rs 1,04,979.
Jatin Trivedi of LKP Securities said that gold on MCX closed at Rs 97,220 due to trading in a radius for the last two sessions at the international level. In the coming time, the direction of the market will be decided from Outlook with the US GDP data and fed interest rates.
At the international level, both gold and silver are trading with an increase. By the time the news was written, gold rose by about 0.23 percent to $ 3,341.50 an ounce and silver rose 0.05 percent to $ 35.75 an ounce on Comax.
Since January 1, the price of 10 grams 24 carat gold has increased from Rs 76,162 to Rs 20,994 or 27.56 percent to Rs 97,157. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 19,183 or 22.30 percent to Rs 1,05,200 per kg.
-IANS
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