Gold prices in India have eased slightly on Monday, with 24-carat gold trading at ₹1,41,360 per 10 grams in Delhi and 22-carat at ₹1,29,590. Major cities including Mumbai, Chennai, Kolkata, Pune, and Bengaluru saw similar trends. International gold hit $4,530.42 per ounce.
Gold Prices Ease in India; Delhi 24-Carat at ₹1,41,360
New Delhi: Gold prices in India witnessed a decline on Monday morning, the first day of the week. In the capital city of Delhi, 24-karat gold reached ₹1,41,360 per 10 grams, while 22-karat gold was priced at ₹1,29,590 per 10 grams. In Mumbai, the price of 24-karat gold was ₹1,41,210 and 22-karat gold was ₹1,29,440 per 10 grams. Last week, 24-karat gold had strengthened by ₹7,040 and 22-karat gold by ₹6,450.
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Gold prices also saw a slight decline in other major cities across the country.
In Chennai and Kolkata, 24-karat gold is priced at ₹1,41,210 and 22-karat gold at ₹1,29,440 per 10 grams.
In Pune and Bengaluru, the price of 24-karat gold is also ₹1,41,210 and 22-karat gold is ₹1,29,440 per 10 grams.
In Ahmedabad and Bhopal, 24-karat gold is priced at ₹1,41,260 and 22-karat gold at ₹1,29,490 per 10 grams.
In Jaipur, Lucknow, and Chandigarh, 24-karat gold is priced at ₹1,41,360 and 22-karat gold at ₹1,29,590 per 10 grams.
In the international market, the spot price of gold has reached a new peak of $4,530.42 per ounce. This year, the price of gold in the domestic market has increased by 80.24 percent so far. Many analysts predict that the upward trend in gold prices may continue next year as well. As of December 26, the market capitalization of gold was ₹31.598 lakh crore.
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Similar to gold, silver prices also registered a decline on Monday. The price of silver in the country has fallen to ₹2,50,900 per kilogram. In the past week, silver prices had risen by ₹37,000 per kilogram. The price of silver in the domestic market has increased by 163.5 percent so far this year. In the international market, the spot price reached a new record high of $75.63 per ounce.
Experts say that strong industrial demand, safe-haven buying, and a persistent shortage in global supply are the main reasons for the rise in gold and silver prices. Investors are currently considering investments in these metals as a safe option.
Both gold and silver prices continue to fluctuate. Investors are closely watching the trends in both the domestic and international markets.
