In the last six trading sessions, silver prices have zoomed by Rs 10,000 per kg. Gold increased by Rs 2,850 per 10 grams since October 16.
Gold prices plummeted by Rs 5,000 per 10 grams following the government's budget announcement to reduce the basic customs duty on gold. This 7% drop is expected to benefit the organized jewellery sector and curb smuggling, encouraging more investments in gold.
Gold and silver prices on May 29: Gold and silver prices on May 29: Both gold and silver witnessed a hike today. Check the latest rates in your city.
Raisi's untimely death has prompted speculation on global markets as Iran is a major oil-producing country. However, experts believe his death won't have a significantly debilitating effect as all state matters are controlled by Iran's Supreme Leader Ayatollah Ali Khamenei.
Gold rates in India saw a slight increase on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, 10 grams of 24-carat gold was priced at Rs. 73,240 today, while on the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams.
Along with India, the global demand for gold has also gone up. For March quarter, the demand witnessed a spike of 3 per cent to 1,238 tonnes making January-March 2024, the strongest quarter after 2016.
Indian gold futures also hit a record high on Monday and squeezed demand in the world's second-biggest consumer of the metal, said dealers. Gold prices across the world have been boosted due to growing rate-cut expectations, central bank purchases and geopolitical tensions.
Gold prices saw a minor decrease in prices with 24 carat gold at Rs 61,200 and 22 carat gold at Rs 56,100.
Gold prices saw a big surge with 24 carat gold crossing Rs 61,000 and 22 carat gold crossing Rs 56,000.
Gold prices after witnessing successive drops have surged by Rs 300 for 22 carat gold and Rs 330 for 24 carat gold.
Gold prices see successive drops in its prices after hitting a high of Rs 61,000, last week.
Currently, the 24 carat gold (10 grams) is priced at Rs 60,860 while 22 carat gold (10 grams) is at Rs 55,790. Pure gold and standard gold both decreased by Rs 10 in the last 24 hours.
On April 8, 24 carat gold dropped by Rs 110 and is currently priced at Rs 60,870 and 22 carat gold also decreased by Rs 100 and is trading at Rs 55,800.
Gold price today: On April 5, 24 carat gold increased by Rs 10 and is currently priced at Rs 60,340 and 22 carat gold also increased by Rs 10 and is trading at Rs 55,310.
Gold observes no changes over the weekend, on April 3, pure gold is trading at Rs 60,000 and standard gold is at Rs 55,000.
On April 1, pure gold is trading over Rs 60,000 in major cities while standard gold has also crossed Rs 55,000.
The prices of gold witnessed no movement in the last 24 hours. However, gold prices in Chennai see a minor increase.
Gold prices see a minor bump in its prices and the yellow metal breaches the 60,000 mark in Chennai and other cities of Tamil Nadu.
Gold price today: The current price of gold in Chennai is Rs 60,110 for 10 grams of 24 carat gold and Rs 55,100 for 10 grams of 22 carat gold. The price of gold in the nation's capital, Delhi, is Rs 59,600 for ten grams of 24 carat gold and Rs 54,650 for ten grams of 22 carat gold.
Gold rate: The price remains stable and is close to the Rs 60,000 mark.
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