Gold prices took a tumble today, falling by ₹270 per 10 grams for 24-karat gold. Silver also felt the chill, declining by a smaller ₹3 per gram. If you’re thinking of buying some glittery treasures, let’s dive into the details and see how much they cost in your city.
City-Wise Rates:
| City | 22-karat Gold Price (Rs/10 gm) | 24-karat Gold Price (Rs/10 gm) |
|---|---|---|
| Delhi | ₹58,650 | ₹63,970 |
| Mumbai | ₹58,500 | ₹63,820 |
| Kolkata | ₹58,500 | ₹63,820 |
| Bengaluru | ₹58,500 | ₹63,820 |
| Chennai | ₹59,050 | ₹64,420 |
| Ahmedabad | ₹58,550 | ₹63,870 |
| Hyderabad | ₹58,700 | ₹63,970 |
| Pune | ₹58,550 | ₹63,870 |
| Jaipur | ₹58,600 | ₹63,900 |
| Kochi | ₹58,750 | ₹64,020 |
What Happened?
While the reasons for the price drop are complex, some experts say it could be due to a few things:
- Global market movements:International gold prices have been falling in recent days, which can influence Indian prices.
- Profit-taking:Some investors who bought gold earlier might be selling it now to make a profit.
- Weak demand:With the festive season over, the demand for gold jewelry might be lower, leading to a price drop.
What Does This Mean for You?
If you’re planning to buy gold, today’s dip might be a good opportunity. However, it’s important to remember that gold prices can be volatile, so it’s always wise to do your research and compare prices before making a purchase. You can also consider buying smaller quantities of gold, such as coins or bars, to spread out your investment.
Silver’s Story:
While not as dramatic as gold’s fall, silver also saw a small decline today. This could be due to similar factors affecting the gold market, but it’s also worth noting that silver prices are generally more volatile than gold prices.
Remember:
- These are indicative prices and may vary slightly depending on the jeweler and the purity of the gold or silver.
- Always ask about making charges and other fees before you buy.
- Buying gold or silver is a long-term investment, so don’t be swayed by short-term price fluctuations.
So, there you have it! Gold prices are down, silver is slipping, and now you have all the information you need to make informed decisions about your next sparkly purchase. Remember, whether you’re a seasoned investor or a curious newcomer, it’s always important to do your research and buy smart. Happy shopping!