In early trade on Wednesday, the price of 24-carat gold saw a modest increase of Rs 10, reaching Rs 73,390 for ten grams, according to data from the GoodReturns website. Similarly, silver prices rose by Rs 100 per kilogram, with the precious metal trading at Rs 91,100.
Regional Variations in Gold Prices
24-Carat Gold:
In Mumbai, Kolkata, and Hyderabad, the price for ten grams of 24-carat gold stood at Rs 72,390, aligning closely across these cities.
In Delhi, Bengaluru, and Chennai, the prices varied slightly, with ten grams of 24-carat gold priced at Rs 72,540, Rs 72,390, and Rs 72,990, respectively.
22-Carat Gold:
Prices for ten grams of 22-carat gold rose by Rs 10 to Rs 66,360, maintaining consistency across Mumbai, Kolkata, and Hyderabad.
In Delhi, Bengaluru, and Chennai, prices were reported at Rs 66,510, Rs 66,360, and Rs 66,910, respectively.
Silver Prices Across Cities
The price of one kilogram of silver in Delhi mirrored rates in Mumbai and Kolkata, standing at Rs 91,100.
In Chennai, silver prices were marginally higher at Rs 95,600 per kilogram.
International Market Update
US Market:
US gold prices experienced a slight uptick as the US dollar weakened. Investors awaited the minutes from the Federal Reserve’s latest policy meeting for insights into potential interest rate adjustments.
Spot gold increased by 0.1% to $2,331.41 per ounce, while US gold futures rose by 0.3% to $2,340.50.
Spot silver also saw a rise of 0.2% to $29.56 per ounce.
Other precious metals showed mixed movements: platinum added 0.6% to $996.64, while palladium dipped by 0.8% to $978.80.
This information highlights the current trends and fluctuations in the gold and silver markets, both domestically and internationally, as of early Wednesday trading.
