Market News
3 min read | Updated on November 26, 2024, 10:40 IST
SUMMARY
In Delhi markets, 24K gold prices declined by ₹1,090 to ₹78,690 per 10 grams and 22K gold by ₹1,000 to ₹72,140 per 10 grams. Silver prices declined by ₹500 to ₹91,400 per kg in major Indian cities on Tuesday following diminishing demand from industrial units and weak global trends.
Gold crashes ₹1,090 per 10 gm after Israel-Hezbollah peace talks
Gold prices tanked ₹1,090 per 10 grams in major Indian cities on Tuesday as reports of a truce between Israel and Hezbollah dented its safe-haven demand. US President-elect Donald Trump also threatened to impose tariffs on goods from Mexico, Canada, and China, which strengthened the US dollar and hit the precious metal’s appeal.
Spot gold was trading flat at $2,628 an ounce in early Asian trade. In overnight trade, it moved between $2,605 an ounce and $2,632 an ounce.
In Delhi markets, 24K gold prices declined by ₹1,090 to ₹78,690 per 10 grams and 22K gold by ₹1,000 to ₹72,140 per 10 grams.
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
---|---|---|
Delhi | ₹72,140 | ₹78,690 |
Mumbai | ₹71,990 | ₹78,540 |
Chennai | ₹71,990 | ₹78,540 |
Kolkata | ₹71,990 | ₹78,540 |
Silver prices declined by ₹500 to ₹91,400 per kg in major Indian cities on Tuesday following diminishing demand from industrial units and weak global trends. Silver dropped below $30 level in overnight trade in global markets following easing worries over the Israel-Hezbollah war.
Spot Silver was flat at $30.34 an ounce in global markets. In overnight trade, the metal hit a high of $30.36 an ounce and a low of $29.98 an ounce.
City | Silver Price (per kg) |
---|---|
Delhi | ₹91,400 |
Mumbai | ₹91,400 |
Chennai | ₹100,400 |
Kolkata | ₹91,400 |
Gold prices fell for a second day this week after easing geopolitical tensions hit its demand as a safe-haven investment. A stronger dollar on Trump's tariff threats also hit its appeal. Silver metal also declined in line with gold after weak domestic demand and global trends.
Here’s a comparison of gold and silver prices from earlier this week:
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
---|---|---|---|
Nov 26 | ₹71,990 | ₹78,540 | ₹91,400 |
Nov 25 | ₹72,990 | ₹79,630 | ₹91,900 |
Nov 22 | ₹72,250 | ₹78,820 | ₹92,000 |
Nov 21 | ₹71,160 | ₹77,630 | ₹92,100 |
Nov 19 | ₹69,960 | ₹76,320 | ₹89,400 |
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