Market News
3 min read | Updated on November 06, 2024, 10:24 IST
SUMMARY
Gold prices dropped by ₹160 to ₹80,380 per 10 grams in Delhi and ₹80,230 in Mumbai and Kolkata. Silver was trading at ₹95,900 per kg in Delhi, Mumbai and Kolkata.
Gold prices dropped by ₹160 to ₹80,380 per 10 grams in Delhi and ₹80,230 in Mumbai and Kolkata.
Gold prices dropped by ₹160 per 10 grams in early trade on Wednesday, November 6, ahead of the US Federal Reserve’s decision on policy rates. The precious metal was trading in a range in global markets as investors awaited US election results.
Gold prices dropped by ₹160 to ₹80,380 per 10 grams in Delhi and ₹80,230 in Mumbai and Kolkata.
Spot gold was trading down 0.30% at $2,735 an ounce in early Asian trade. The metal hit a high of $2,749 an ounce in overnight trade.
In Delhi markets, 24K gold prices declined by ₹160 to ₹80,380 per 10 grams and 22K gold by ₹100 at ₹73,690 per 10 grams.
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
---|---|---|
Delhi | ₹73,590 | ₹80,380 |
Mumbai | ₹73,540 | ₹80,230 |
Chennai | ₹73,540 | ₹80,230 |
Kolkata | ₹73,540 | ₹80,230 |
Silver prices declined by ₹1,000 per kilogram in major Indian cities in early trade on Wednesday due to weak demand from coin makers and industrial units. Silver was trading at ₹95,900 per kg in Delhi, Mumbai and Kolkata.
Spot silver traded lower by 1.81% at $32.06 an ounce in global markets. The metal hit a high of $32.73 in overnight trade.
City | Silver Price (per kg) |
---|---|
Delhi | ₹95,900 |
Mumbai | ₹95,900 |
Chennai | ₹1,04,900 |
Kolkata | ₹95,900 |
Gold prices have lost momentum after the end of the festive season and uncertainty ahead of the US election results. The US Federal Reserve will announce its decision on policy rates on November 7. Silver prices have also eased after the Diwali festival and investors are awaiting a key meeting in China to decide on stimulus measures.
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
---|---|---|---|
Nov 6 | ₹73,540 | ₹80,230 | ₹95,900 |
Nov 5 | ₹73,690 | ₹80,390 | ₹96,900 |
Nov 4 | ₹73,690 | ₹80,390 | ₹96,900 |
Oct 31, 2024 | ₹74,410 | ₹81,170 | ₹100,100 |
Oct 30, 2024 | ₹73,760 | ₹80,460 | ₹99,100 |
About The Author
Next Story