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Gold, Silver Rates Decline Across Indian Cities on September 10
Gold and silver prices in India went down a little on 10 September.
The article lists prices for different types of gold and for very pure silver.
Gold is measured as 24-karat or 22-karat, with 24-karat being purer.
Twenty-two-karat gold is often used to make jewellery because it is stronger.
Prices were different in cities such as Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai.
Silver prices also fell in the domestic market.
In international markets, gold actually rose by more than 1 percent.
Investors were watching the United States inflation data and the ongoing Iran conflict because these events can affect markets.
Retail 24-karat and 22-karat gold prices declined marginally across major Indian cities on 10 September.
New Delhi recorded 24-karat gold at ₹153,610 and 22-karat gold at ₹140,809 per 10 grams.
Mumbai’s 24-karat gold rate was ₹153,880 and its 22-karat rate was ₹141,057 per 10 grams.
Kolkata reported 24-karat gold at ₹153,670 and 22-karat gold at ₹140,864 per 10 grams.
MCX gold fell 0.03% to ₹154,240 per 10 grams, while MCX silver declined 0.49% to ₹242,820 per kilogram.
- Who
- Indian retail buyers and sellers, along with investors in international and MCX bullion markets.
- What
- Gold and silver prices declined in India’s retail and domestic bullion markets, although international gold prices rose.
- Where
- Major Indian cities including New Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai, as well as international markets.
- When
- 10 September; MCX figures were reported at around 9:13 a.m.
- Why
- Prices were influenced by uncertainty surrounding the United States-Iran conflict, pressure on the dollar, an oil-price rally and investor anticipation of United States inflation data.
Key facts
- New Delhi retail rates
- 24K gold: ₹153,610/10 gm; 22K gold: ₹140,809/10 gm; 999 silver: ₹241,860/kg.
- Mumbai retail rates
- 24K gold: ₹153,880/10 gm; 22K gold: ₹141,057/10 gm; 999 silver: ₹242,280/kg.
- Bengaluru retail rates
- 24K gold: ₹154,000/10 gm; 22K gold: ₹141,167/10 gm; 999 silver: ₹242,470/kg.
- Kolkata retail rates
- 24K gold: ₹153,670/10 gm; 22K gold: ₹140,864/10 gm; 999 silver: ₹241,960/kg.
- Hyderabad retail rates
- 24K gold: ₹154,120/10 gm; 22K gold: ₹141,277/10 gm; 999 silver: ₹242,660/kg.
- Chennai retail rates
- 24K gold: ₹154,470/10 gm; 22K gold: ₹141,598/10 gm.
- MCX rates
- Gold: ₹154,240/10 gm, down 0.03%; silver: ₹242,820/kg, down about 0.49%.
- International gold
- Spot gold rose 1.5% to $4,418.71 per ounce; December United States gold futures rose 0.6% to $4,464.30.
Sources
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