Gold and Silver Prices Decline for Third Consecutive Day in India
New Delhi, January 28: The domestic bullion market continues to witness a downward trend for the third consecutive day, as the prices of both gold and silver have dipped significantly. 24-carat gold is trading between โน82,240 and โน82,390 per 10 grams across most major cities, while 22-carat gold is priced between โน75,390 and โน75,540 per 10 grams. Meanwhile, the price of silver has dropped by โน1,000 per kilogram, with Delhiโs bullion market recording it at โน96,400 per kilogram.
Gold and Silver Prices in Major Cities
Delhi:
- 24-carat gold: โน82,390 per 10 grams
- 22-carat gold: โน75,540 per 10 grams
Mumbai:
- 24-carat gold: โน82,240 per 10 grams
- 22-carat gold: โน75,390 per 10 grams
Ahmedabad:
- 24-carat gold: โน82,290 per 10 grams
- 22-carat gold: โน75,440 per 10 grams
Chennai:
- 24-carat gold: โน82,240 per 10 grams
- 22-carat gold: โน75,390 per 10 grams
Kolkata:
- 24-carat gold: โน82,240 per 10 grams
- 22-carat gold: โน75,390 per 10 grams
Lucknow:
- 24-carat gold: โน82,390 per 10 grams
- 22-carat gold: โน75,540 per 10 grams
Patna:
- 24-carat gold: โน82,290 per 10 grams
- 22-carat gold: โน75,440 per 10 grams
Jaipur:
- 24-carat gold: โน82,390 per 10 grams
- 22-carat gold: โน75,540 per 10 grams
Gold Prices in Southern Cities
In Bengaluru, Hyderabad, and Bhubaneswar, the prices reflect the national trend:
- 24-carat gold: โน82,240 per 10 grams
- 22-carat gold: โน75,390 per 10 grams
Market Trends and Analysis
The decline in gold and silver prices comes as part of a global trend driven by fluctuating demand and supply dynamics. While gold remains a popular investment choice, this dip provides an opportunity for buyers looking to purchase gold and silver at a lower cost.
Industry experts believe the ongoing price decline might stabilize soon, depending on international gold rates and currency fluctuations.
Gold and Silver Prices Decline for Third Consecutive Day in India
