gold prices dip slightly in indian bullion markets silver remains stable at e282b998000 kg

Gold Prices Dip Slightly in Indian Bullion Markets; Silver Remains Stable at ₹98,000/kg

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24 Carat Gold Trades Between ₹95,510–₹95,660 per 10g Across Major Cities

New Delhi, May 4 The domestic bullion market witnessed a minor decline in gold prices today, while silver rates remained unchanged. According to industry sources, 24 carat gold is currently trading in the range of ₹95,510 to ₹95,660 per 10 grams, while 22 carat gold is being sold between ₹87,550 and ₹87,700 per 10 grams.

Gold Prices

Meanwhile, silver is steady at ₹98,000 per kilogram in Delhi and other major Indian cities, as no price change was recorded in today’s trading session.

Weekly Drop of Over ₹2,600 in 24 Carat Gold Prices

On a weekly basis, the price of 24 carat gold has declined by up to ₹2,650 per 10 grams across most markets, while 22 carat gold registered a fall of approximately ₹2,470 per 10 grams. Notably, gold has dropped by around ₹5,000 per 10 grams from its recent high on April 22.

City-Wise Gold Prices (Per 10 Grams)

City 24 Carat Gold 22 Carat Gold
Delhi ₹95,660 ₹87,700
Mumbai ₹95,510 ₹87,550
Ahmedabad ₹95,560 ₹87,600
Chennai ₹95,510 ₹87,550
Kolkata ₹95,510 ₹87,550
Lucknow ₹95,660 ₹87,700
Patna ₹95,560 ₹87,600
Jaipur ₹95,660 ₹87,700
Bengaluru ₹95,510 ₹87,550
Hyderabad ₹95,510 ₹87,550
Bhubaneswar ₹95,510 ₹87,550

The pricing reflects a nationwide marginal softening in gold rates, with most metros showing consistent pricing patterns. Markets in Karnataka, Telangana, and Odisha also saw a minor drop in gold rates.

Outlook:

Market analysts suggest that global trends, coupled with local demand fluctuations, are influencing price movements. While silver remains firm, investors and jewellers are keeping a close watch as geopolitical tensions and interest rate expectations continue to drive the bullion market sentiment.

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Ganpat Singh Chouhan
Ganpat Singh Chouhan
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.