Market News
3 min read | Updated on November 29, 2024, 10:37 IST
SUMMARY
In Delhi markets, 24K gold prices dropped by ₹180 to ₹77,490 per 10 grams and 22K gold by ₹170 to ₹71,040 per 10 grams. Silver prices remained flat at ₹89,400 per kg in major Indian cities for the second straight day on Friday.
Gold and Silver Price Today (December 17): Gold prices remain flat at ₹78,030 per 10 gm
Gold prices slipped by ₹180 per 10 grams in major Indian cities in early trade on Friday, November 29, amid mixed global trends. While a correction in the US dollar index following easing rhetoric on tariff hikes supported the precious metal, weak local demand capped its gains.
Expectations that the US Federal Reserve may be cautious about further rate cuts also weighed on gold sentiment. The US dollar index retreated to 105.94.
Spot gold traded up 0.29% to $2,645 an ounce in early Asian trade. In overnight trade, the metal moved in a narrow range from $2,634 an ounce to $2,647 an ounce.
In Delhi markets, 24K gold prices dropped by ₹180 to ₹77,490 per 10 grams and 22K gold by ₹170 to ₹71,040 per 10 grams.
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
---|---|---|
Delhi | ₹71,040 | ₹77,490 |
Mumbai | ₹70,890 | ₹77,340 |
Chennai | ₹70,890 | ₹77,340 |
Kolkata | ₹70,890 | ₹77,340 |
Silver prices remained flat at ₹89,400 per kg in major Indian cities for the second straight day on Friday. While weak demand from industrial units capped gains, firm global trends supported the white metal.
Spot Silver was up 0.50% to $30.42 an ounce in global markets. The metal hit a high of $30.44 an ounce and a low of $30.14 an ounce in overnight trade.
City | Silver Price (per kg) |
---|---|
Delhi | ₹89,400 |
Mumbai | ₹89,400 |
Chennai | ₹97,900 |
Kolkata | ₹89,400 |
Gold prices have moved in a range this week amid mixed global cues. Easing geopolitical tensions and a firm US dollar have acted against the precious metal. Silver prices have remained mostly unchanged as investors awaited further cues on rate cuts and Chinese stimulus measures.
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
---|---|---|---|
Nov 29 | ₹71,040 | ₹77,490 | ₹89,400 |
Nov 28 | ₹71,060 | ₹77,520 | ₹89,400 |
Nov 27 | ₹70,790 | ₹77,230 | ₹89,400 |
Nov 26 | ₹71,990 | ₹78,540 | ₹91,400 |
Nov 25 | ₹72,990 | ₹79,630 | ₹91,900 |
Nov 22 | ₹72,250 | ₹78,820 | ₹92,000 |
About The Author
Next Story