Gold and Silver prices fall in early trade

27 Jul 2022 , 09:00 AM

Early on Wednesday, gold prices decreased by Rs 380 per 10 grams, with the price of 24-carat gold standing at Rs 50,780. On the other side, the price of silver decreased by Rs 400 per kilogram, selling for Rs 54,500.

The price of 10 grams of 22-carat gold is now down by Rs320, selling at Rs46,580 on Wednesday. Gold grew somewhat in international commerce while the dollar slightly declined. By 00:41 GMT, spot gold had increased 0.1% to $1,718.97 per ounce, while US gold futures had decreased 0.1% to $1,716.70. The spot price of silver increased 0.4% to $18.68 per ounce.

24-karat gold is being sold for Rs50,780 per 10 grams in Delhi, Mumbai, and Kolkata. In contrast, Delhi, Mumbai, and Kolkata are charging Rs46,580 for a 10-gram piece of 22-carat gold. 10 grams of 22- and 24-carat gold are now selling for Rs47,280 and Rs51,580, respectively, in Chennai.

One kilogram of silver costs Rs54,500 in Mumbai, Delhi, and Kolkata. In contrast, one kilogram of silver is now selling for Rs60,800 in Chennai, Bengaluru, and Hyderabad on Wednesday.