Gold, Silver Price Today: Price of yellow metal declines by Rs 100

Gold, Silver Price Today: Price of yellow metal declines by Rs 100

MCX Gold prices have declined Rs 100 to Rs 70,636 per 10 grams in futures trade as speculators reduced their positions. Similarly, MCX Silver prices fell Rs 113 to Rs 81,250 per kilogram as participants reduced their bets.

As per Goodreturns website, gold price stands at Rs 6,575 per gram for 22 karat gold and Rs 7,173 per gram for 24 karat gold (also called 999 gold).

Check gold price in major cities:

> Gold price in Delhi today stands at Rs 6,590 per gram for 22 karat gold and Rs 7,188 per gram for 24 karat gold (also called 999 gold).

> Gold price in Mumbai today stands at Rs 6,575 per gram for 22 karat gold and Rs 7,173 per gram for 24 karat gold (also called 999 gold).

> Gold price in Chennai today is Rs 6,615 per gram for 22 karat gold and Rs 7,216 per gram for 24 karat gold (also called 999 gold).

> Gold price in Kolkata today stands at Rs 6,575 per gram for 22 karat gold and Rs 7,173 per gram for 24 karat gold (also called 999 gold).

Analysts attributed the fall in precious metal prices to weak global cues and profit booking at higher level, PTI reported.

International gold prices are heading for a second straight weekly decline as investors remained cautious ahead of the US non-farm payrolls data that could provide cues on the Federal Reserve’s rate cut timeline.

After losing more than 1 per cent this week, Spot gold held its ground. The gold is trading 0.05 per cent lower at $2,308.40 per ounce. Along similar lines, Silver is trading 0.15 per cent lower at $26.79 per ounce.

For the latest news from across India, Political updates, Explainers, Sports News, Opinion, Entertainment Updates and more Top News, visit Indian Express. Subscribe to our award-winning Newsletter Download our App here Android & iOS