Minor Dip in Bullion Market: Gold and Silver Lose Sheen
New Delhi, January 20 โ The domestic bullion market witnessed a slight decline today, with both gold and silver prices trending lower. The price of 24-carat gold is trading in the range of โน81,250 to โน81,100 per 10 grams across major markets in the country. Similarly, 22-carat gold is priced between โน74,490 and โน74,340 per 10 grams. In Delhi, silver prices have settled at โน96,400 per kilogram.
Gold Prices Across Major Cities
- Delhi: In the national capital, 24-carat gold is trading at โน81,250 per 10 grams, while 22-carat gold is priced at โน74,490 per 10 grams.
- Mumbai: The countryโs financial capital sees 24-carat gold trading at โน81,100 per 10 grams, and 22-carat gold at โน74,340 per 10 grams.
- Ahmedabad: Retail prices for 24-carat gold stand at โน81,150 per 10 grams, while 22-carat gold is priced at โน74,390 per 10 grams.
- Chennai: The price of 24-carat gold is โน81,100 per 10 grams, and 22-carat gold is โน74,340 per 10 grams.
- Kolkata: Gold prices are identical to Chennai, with 24-carat gold at โน81,100 per 10 grams and 22-carat gold at โน74,340 per 10 grams.
Gold and Silver Prices in Tier-2 Cities
- Lucknow: 24-carat gold is trading at โน81,250 per 10 grams, while 22-carat gold is at โน74,490 per 10 grams.
- Patna: The prices are slightly lower, with 24-carat gold at โน81,150 per 10 grams and 22-carat gold at โน74,390 per 10 grams.
- Jaipur: Prices remain consistent with Delhi, at โน81,250 per 10 grams for 24-carat gold and โน74,490 per 10 grams for 22-carat gold.
Gold Prices in Southern Markets
Gold prices in states like Karnataka, Telangana, and Odisha also reflected a decline today:
- Bengaluru, Hyderabad, and Bhubaneswar: 24-carat gold is priced at โน81,100 per 10 grams, and 22-carat gold is trading at โน74,340 per 10 grams.
Silver Market Update
Silver prices also experienced a minor dip. In Delhi, silver is trading at โน96,400 per kilogram. Other key cities reported similar rates, indicating a consistent trend across the market.
Reasons Behind the Decline
The slight dip in gold and silver prices can be attributed to the following factors:
- Global Trends: Fluctuations in international gold prices due to shifting investor sentiment and economic data.
- Currency Exchange Rates: The strengthening of the Indian Rupee against the US Dollar has impacted import costs, leading to a marginal decline in gold prices.
- Consumer Demand: Seasonal demand has tapered off after the festive season, reducing the immediate pressure on prices.
