After remaining stable on Akshaya Tritiya, gold has lost its luster for the second consecutive day today. After a day of stability, the price of 10 grams of 24-carat gold in the capital Delhi has declined by ₹500 in the last two days, while 22-carat gold has become cheaper by ₹460. Specifically, in today’s trade, both 24-carat and 22-carat gold rates have declined by ₹10 per 10 grams. Talking about silver, after two days of stability it has become cheaper in Delhi, and its price has dropped by ₹100 per kg.
City-wise gold rates
City 24 carat 10 gram gold price 22 carat 10 gram gold price 18 carat 10 gram gold price Delhi ₹1,55,430 ₹1,42,490 ₹1,16,610 Mumbai ₹1,55,280 ₹1,42,340 ₹1,16,460 Kolkata ₹1,55,280 ₹1,42,340 ₹1,16,460 Chennai ₹1,55,990 ₹1,42,990 ₹1,18,540 Bengaluru ₹1,55,280 ₹1,42,340 ₹1,16,460 Hyderabad ₹1,55,280 ₹1,42,340 ₹1,16,460 Lucknow ₹1,55,430 ₹1,42,490 ₹1,16,610 Patna ₹1,55,330 ₹1,42,390 ₹1,16,510 Jaipur ₹1,55,430 ₹1,42,490 ₹1,16,610 Ahmedabad ₹1,55,330 ₹1,42,390 ₹1,16,510
Silver slipped after two days of stability
Talking about silver, after two days of stability this metal has softened today. Earlier, the price of one kilogram of silver had fallen by ₹5,000 on April 17, but it had increased by ₹10,000 on April 18. Subsequently, on April 19—Akshay Tritiya—and the following days, the price remained stable. As of today, silver has become cheaper by ₹100 per kg in Delhi and is trading at ₹2,74,900. Silver is also trading at the same rate in other major metros like Mumbai and Kolkata. However, the price of one kilogram of silver in Chennai is ₹2,79,900, making it the most expensive among the four major metros.
What is the future of gold and silver prices?
Amid rising tensions in West Asia and economic data released from major economies of the world, it remains to be seen whether the market bullishness will continue or a phase of softening is in store for the prices. During the week beginning April 20, traders will be keeping a particularly close eye on crude oil prices and key economic indicators from the United States. These indicators include retail sales, housing data and consumer sentiment. Additionally, Purchasing Managers’ Index (PMI) data from the manufacturing and service sectors in both the US and UK is expected to play a key role in determining the future direction of the market.
