Gold and Silver Price Today (September 30): Gold prices slip from record high amid weak global cues

Gold prices slipped from record highs in major cities in India in early trade on Monday, September 30, following a correction in precious metal prices in global markets.

Gold prices had hit an all-time high of ₹77,550 per 10 grams in Delhi markets on Saturday in line with the precious metal’s rally to a record high in global spot markets. Geopolitical concerns over the Israel-Hezbollah conflict after the killing of a Hezbollah leader bolstered the metal’s appeal as a safe haven.

In early Asian trade, spot gold edged down 0.19% to $2,654.2 an ounce on Monday. Gold retreated from its all-time high of $2,685.96 an ounce hit last week.

Gold Price Today in India (September 30, 2024)

In Delhi markets, 24K and 22K gold prices eased by ₹10 to ₹77,540 per 10 grams and ₹71,090 per 10 grams, respectively. Silver prices also eased by ₹100 per kg in the national capital in line with weak global cues.

On Saturday, 24K gold prices raced to an all-time high of ₹77,500 per 10 grams and 22K gold to ₹71,100 per 10 grams, mainly due to international cues. Silver, however, slipped by ₹1,000 per kg to ₹95,000 per kg on Saturday from ₹96,000 per kg hit on Friday.

Gold Price Today in Major Cities:

Silver Price Today in India (September 30, 2024)

Silver prices declined by ₹100 per kg in Delhi markets to ₹94,900 following weak global cues and weak demand from industrial units.

The white metal retreated from its record high to trade at $31.55 per ounce in global markets on Monday. The metal's trading near record levels and concerns over Chinese growth have impacted industrial unit demand.

Silver Price Today in Major Cities:

Comparison of Gold and Silver Prices This Week

Gold prices raced to all-time highs last week on some local demand and global trends. 24K gold hit a high of ₹77,450 per 10 grams, while 22K gold hit ₹71,000 per 10 grams in Mumbai on Friday. Silver prices also picked up momentum on Friday and Saturday as the metal traded at record highs in global markets.

Here’s a comparison of gold and silver prices from earlier this week:

*Mumbai Rates