Market News
3 min read | Updated on December 23, 2024, 12:41 IST
SUMMARY
In Delhi markets, 24K gold prices slipped by ₹10 to ₹77,590 per 10 grams and 22K gold to ₹71,140 per 10 grams. Silver prices slipped by ₹100 to ₹91,400 per kg in major Indian cities in early trade on Monday.
Gold and Silver Price Today (December 23): Gold prices slip on strong US dollar.
Gold prices slipped by ₹10 per 10 grams in major Indian cities in early Monday trade due to a stronger dollar in global markets.
The US dollar has strengthened in global markets after the US Fed's hawkish stance in the latest policy announcement. Trade war fears have also bolstered the US bond yields, hitting non-yielding assets like gold and silver.
Spot gold was trading marginally up by 0.14% at $2,624 an ounce in early Asian trade. It moved in a tight range of $2,617 an ounce to $ 2,627 an ounce in overnight trade.
In Delhi markets, 24K gold prices slipped by ₹10 to ₹77,590 per 10 gram and 22K gold to ₹71,140 per 10 gram. The 24K gold in Mumbai also declined to ₹77,440 per 10 gram and 22K gold by ₹10 to ₹70,990 per 10 gram.
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
---|---|---|
Delhi | ₹71,140 | ₹77,590 |
Mumbai | ₹70,990 | ₹77,440 |
Chennai | ₹70,990 | ₹77,440 |
Kolkata | ₹70,990 | ₹77,440 |
Silver prices slipped by ₹100 to ₹91,400 per kg in major Indian cities in early trade on Monday due to weak demand from industrial users and coin makers.
Spot silver was up 0.52% to $29.66 an ounce in early Asian trade. The metal hit a high of $29.76 an ounce and a low of $29.51 an ounce in overnight trade.
City | Silver Price (per kg) |
---|---|
Delhi | ₹91,400 |
Mumbai | ₹91,400 |
Chennai | ₹98,900 |
Kolkata | ₹91,400 |
Gold prices have slipped after Saturday’s recovery, mainly due to a firm US dollar in the global markets. Gold rebounded on Saturday after two days of losses due to some recovery in the metal in global markets.
Silver prices have also eased after its rebound on Saturday due to weak local demand.
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
---|---|---|---|
Dec 23 | ₹70,990 | ₹77,440 | ₹91,400 |
Dec 22 | ₹71,000 | ₹77,450 | ₹91,500 |
Dec 20 | ₹70,400 | ₹76,800 | ₹90,500 |
Dec 19 | ₹70,700 | ₹77,130 | ₹91,500 |
Dec 18 | ₹71,510 | ₹78,030 | ₹92,500 |
Dec 17 | ₹71,390 | ₹77,780 | ₹92,400 |
Dec 16 | ₹71,390 | ₹77,880 | ₹92,400 |
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