The rise in gold prices has currently stopped in most cities of the country. On the morning of Saturday, May 9 – i.e. today – gold prices saw a slight decline in big cities like Delhi, Mumbai and Kolkata, while a rise was recorded in Chennai. Talking about the national capital Delhi, the price of 24 carat gold has reached ₹ 1,52,870 per 10 grams. At the same time, the price of 24 carat gold in Mumbai is running at ₹ 1,52,670 per 10 grams. In Delhi’s bullion market, a day earlier – on Friday – gold prices were down by ₹100 at ₹1,55,900 per 10 grams.
What is the situation in the international market?
Talking about the global market, the price of spot gold is currently running at $4,721 per ounce. The fluctuations in the international market are also affecting the domestic market.
What are the latest gold prices in major cities of the country?
| city | 22 carat 24 carat
| Delhi 1,40,090 | 1,52,870 |
| Mumbai 1,39,940 | 1,52,670 |
| Ahmedabad 1,39,940 | 1,52,720 |
| Chennai 1,41,030 | 1,53,850 |
| Kolkata 1,39,940 | 1,52,670 |
| Hyderabad | 1,39,940 | 1,52,670 |
| Jaipur 1,40,090 | 1,52,870 |
| Bhopal 1,39,940 | 1,52,720 |
| Lucknow 1,40,090 | 1,52,870 |
| Chandigarh 1,40,090 | 1,52,870 |
Silver prices are continuously increasing
There is a continuous strengthening of silver prices compared to gold. On the morning of May 9, the price of silver rose to ₹275,100 per kg. In the international market, spot silver is trading at $81.14 an ounce.
What was the situation a day ago?
A day earlier, the price of silver had fallen by ₹200 to ₹261,300 per kg in the Delhi bullion market. However, now once again a bullish trend is being seen.