New Delhi, June 22 — Indian bullion markets displayed a continued trend of softness this week, with gold prices falling notably over the past seven days. On Sunday, 24-carat gold was trading between ₹1,00,750 and ₹1,00,900 per 10 grams in most major cities, while 22-carat gold hovered between ₹92,350 and ₹92,500 per 10 grams.
Similarly, silver prices also witnessed a decline. The bright metal is currently priced at ₹1,10,000 per kilogram in Delhi’s bullion market.
Gold Drops Sharply on Weekly Basis
Over the week, from Monday to Saturday, 24-carat gold prices fell by up to ₹930 per 10 grams across various bullion markets in the country. Likewise, 22-carat gold became cheaper by as much as ₹850 per 10 grams during the same period.
While gold showed significant volatility and an overall downward movement, silver prices remained relatively stable on a weekly basis, despite experiencing day-to-day fluctuations.
City-wise Gold Prices on Sunday
In Delhi, 24-carat gold was trading at ₹1,00,900 per 10 grams, while 22-carat gold stood at ₹92,500 per 10 grams.
In Mumbai, the country’s financial capital, 24-carat gold was priced at ₹1,00,750 per 10 grams, with 22-carat gold at ₹92,350 per 10 grams.
In Ahmedabad, the retail price of 24-carat gold reached ₹1,00,800 per 10 grams, while 22-carat gold was selling for ₹92,400 per 10 grams.
Chennai markets saw 24-carat gold at ₹1,00,750 per 10 grams and 22-carat gold at ₹92,350 per 10 grams. Kolkata followed a similar trend, with 24-carat gold at ₹1,00,750 and 22-carat gold at ₹92,350 per 10 grams.
Broad Decline Across Multiple States
In Lucknow, gold was priced at ₹1,00,900 per 10 grams for 24-carat and ₹92,500 for 22-carat. In Patna, 24-carat gold was trading at ₹1,00,800 per 10 grams and 22-carat at ₹92,400 per 10 grams.
Jaipur also reported 24-carat gold at ₹1,00,900 per 10 grams and 22-carat gold at ₹92,500 per 10 grams.
Consistent with trends in other regions, gold prices in Bengaluru, Hyderabad, and Bhubaneswar also declined. In all three capitals—Karnataka, Telangana, and Odisha—24-carat gold was trading at ₹1,00,750 per 10 grams, and 22-carat gold at ₹92,350 per 10 grams.
Market Outlook
With ongoing fluctuations in the global gold market and local demand-supply dynamics, traders and consumers alike will be watching closely for cues in the coming days. Industry experts suggest that volatility could continue, influenced by factors such as international interest rates, currency strength, and geopolitical developments.
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- My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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