Gold rate: Gold prices edged lower in Indian markets after a sharp drop in the previous session. Good news for gold buyer, gold rate down Rs 1500 today: check latest rate. On MCX, gold futures were down 0.03% to Rs 50,158 per 10 gram while silver rose 0.3% to Rs 58,920 per kg.
In the previous session gold had dropped 1.2% while silver slumped Rs 2,000 or 3.3%. So far this week, gold rate are down about Rs 1,500 per 10 grams. The recent correction in gold has nearly wiped out gains from a rally driven by safe-haven demand after Russia’s invasion of Ukraine in February. In early March, gold had risen closer to Rs 6,000 levels.
The price of 10 grams of 24 carat gold on Friday surged by Rs 490 to Rs 51,490, while the price of 1 kg of silver also rose by Rs 400 and the precious metal is selling at Rs 60,800. The price of 10 grams of 22 carat gold also surged by Rs 450 on Friday and the precious metal is trading at Rs 47,200.
The price of 10 grams of 24 carat gold in Delhi and Mumbai is at par with the price of 10 grams of 24 carat gold in Bangalore, Kolkata, and Hyderabad, i.e., Rs 51,490. However, 10 grams of 24 carat gold in Chennai is selling at Rs 52,750.
The gold rate of 10 grams of 22 carat gold in Delhi and Mumbai is at par with the price of 10 grams of 22 carat gold in Bangalore, Kolkata, and Hyderabad i.e., Rs 47,200. While, the price of 10 grams of 22 carat gold in Chennai is Rs 48,350.
The price of 1 kg of Silver in Delhi, Mumbai and Kolkata is Rs. 60,800, while in Bangalore, Hyderabad, Chennai, and Kerala, the precious metal is selling at Rs 65,000. The price of gold differs in different regions based on various parameters including the making charges, excise duty, state taxes, etc.