Gold prices today stayed steady in India as investors are looking forward to minutes from Federal Reserve’s latest policy meeting for fresh indications on the timing of U.S. interest rate cuts. Meanwhile, silver prices continued to maintain rally after witnessing decline of Rs 1900 for 1kg yesterday. 22k gold price today remained unchanged at Rs 68,300/10 grams while 100 grams of 22 carat yellow metal prices stayed steady at Rs 6,83,000.
24 carat precious metal prices remained stable at Rs 74,510/10 grams and 100 grams of 24k gold prices today quoted at Rs 7,45,100 in India. 18K yellow metal price in India today is retailing at Rs 55,880 and 100 grams of 18 carat gold prices are quoted at Rs 5,58,800.
Spot gold continued to hold its ground at $2,415.35 per ounce, as of 0345 GMT. Yellow metal prices touched a record high of $2,449.89 on Monday. U.S. gold futures were down 0.3% at $2,419.00, according to Reuters.
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Meanwhile, silver prices today surged by Rs 1200 to Rs 95,800 in the country. 100 grams of silver prices today quoted at Rs 9,580 after the rally of Rs 120. It is worth noting that silver prices have now rallied by Rs 11,200 in last 9 days only from May 14, 2024.
According to Reuters, one of the “factors supporting gold is fiat currency debasement undertaken by the U.S. and the developed nations due to the rising budget deficits,” said Kelvin Wong, a senior market analyst for Asia Pacific at OANDA. “There’s a potential that stimulus fiscal policy will play a higher role in stimulating these countries, and if this takes shape, the confidence of the individual country currency will be eroded.”
22k/10 Grams Gold Price Movement In Last 10-Days In India
Gold price today remained steady, fell by Rs 600 on May 21, jumped by Rs 500 on May 20, surged by Rs 800 on May 18, declined by Rs 250 on May 17, witnessed sharp jump by Rs 700 by Rs May 16, soared by Rs 400 on May 15, declined by Rs 400 on April 14, and fell by Rs 100 on May 13.
1kg Silver price India movement in last 10-days
Silver prices today rallied by Rs 1200, fell by Rs 1900 on May 21, jumped by Rs 3500 on May 20, stayed unchanged on May 19, surged by Rs 3900 on May 18, remained unchanged on May 17, registered strong jump by Rs 1500 on May 16, rallied by Rs 400 on May 15, surged by Rs 700 on May 14, and fell by Rs 500 on May 13.
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1 Gram Gold prices In 5 Key Metropolitan Cities Of India On May, 2024:
- Gold Price Chennai: Price of 1 gram of 22 carat of gold price Chennai is Rs 6,860.
- Yellow Metal Price Mumbai: Price of 1 gram of 22 carat gold in Mumbai on May is Rs 6,830
- Precious Metal Price Delhi: Price of 1 gram of 22 carat yellow metal in Delhi on May is Rs 6,845
- Gold Price Kolkata: Price of 1 gram of 22 carat of yellow metal in Kolkata on May, 2024 is Rs 6,830
- Gold Price Kerala: Cost of 1 gram of 22K gold in Kerala on May is Rs 6,830
- Yellow Metal Price Bangalore: Price of 1 gram of 22 carat gold in Bangalore on May is Rs 6,830
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