Market News
3 min read | Updated on November 22, 2024, 12:44 IST
SUMMARY
In Delhi markets, 24K gold prices rose by ₹1,190 to ₹78,970 per 10 grams and 22K gold by ₹1,090 to ₹72,400 per 10 grams. Silver prices slipped by ₹100 to ₹92,000 per kg in major Indian cities on Friday in line with global trends.
Gold and Silver Price Today (November 22): Gold prices jump ₹1,190 per 10gm amid Russia-Ukraine conflict
Gold prices jumped by ₹1,190 per 10 grams in major Indian cities on Friday, November 22, marking its fourth straight day of gains after an escalation in the Russia-Ukraine war. Gold prices strengthened in global markets on its safe-haven demand even as the US dollar firmed up.
According to reports, Russia fired an intercontinental ballistic missile on Ukraine, escalating geopolitical tensions.
The spot gold traded higher by 0.73% at $2,689 an ounce in early Asian trade. The metal moved between a range of $2,668 an ounce and $2,689 an ounce in overnight trade.
In Delhi markets, 24K gold prices rose by ₹1,190 to ₹78,970 per 10 grams and 22K gold by ₹1,090 to ₹72,400 per 10 grams. Gold markets were closed in Mumbai on Wednesday due to assembly polls.
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
---|---|---|
Delhi | ₹72,400 | ₹78,970 |
Mumbai | ₹72,250 | ₹78,820 |
Chennai | ₹72,250 | ₹78,820 |
Kolkata | ₹72,250 | ₹78,820 |
Silver prices slipped by ₹100 to ₹92,000 per kg in major Indian cities on Friday in line with global trends. Weak demand from industrial units and losses in futures trade also weighed on the white metal.
Spot Silver rebounded by 0.64% to $30.98 an ounce in global markets. The metal hit a high of $31.01 an ounce and a low of $30.73 an ounce in overnight trade.
City | Silver Price (per kg) |
---|---|
Delhi | ₹92,000 |
Mumbai | ₹92,000 |
Chennai | ₹101,000 |
Kolkata | ₹92,000 |
Gold prices have extended the gaining streak to the fourth day on safe-haven demand after a flare-up in the Russia-Ukraine war. A firm US dollar and positive US jobs data have been restricting gold’s gains.
Silver prices slipped after early gains this week due to waning demand and weak global trends.
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
---|---|---|---|
Nov 22 | ₹72,250 | ₹78,820 | ₹92,000 |
Nov 21 | ₹71,160 | ₹77,630 | ₹92,100 |
Nov 19 | ₹69,960 | ₹76,320 | ₹89,400 |
Nov 18 | ₹69,340 | ₹75,640 | ₹89,400 |
Nov 15 | ₹69,340 | ₹75,640 | ₹89,400 |
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