On Thursday morning, gold prices in India fell by Rs 270 per gramme. After a Rs 250 drop, 10 gramme of 24-carat gold is trading at Rs 51,440, while 10 gramme of 22-carat gold is trading at Rs 47,150. The drop in gold prices comes after the raised interest rates for the first time since 1994 and warned of economic concerns.
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Silver, on the other hand, has seen a price increase. After a 200-rupee hike, 1 kilogramme of silver now costs Rs 60,000.
The price of a gramme of 24-carat gold is Rs 51,440 in Delhi, Mumbai, Kolkata, Bangalore, and Hyderabad. Meanwhile, a gramme of 22-carat gold costs Rs 47, 170 in Delhi, Bangalore, Bhubneshwar, and Mangalore. In Chennai, a gramme of 24-carat gold costs Rs 51,500 while a gramme of 22-carat gold costs.
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In Delhi, Mumbai, and Kolkata, on the other hand, silver is trading at Rs 60,000 per kg. 1 kg of silver costs Rs 66,000 in Chennai, Bangalore, and Hyderabad By 4:09 p.m., spot gold had risen 1.4 percent to $1,833.42 per ounce. EDT (Eastern Daylight Time) (2009 GMT). The dollar’s depreciation boosted gold’s appeal among international buyers, while the benchmark U.S. dollar fell. Treasury yields have also fallen.