Market News
3 min read | Updated on December 13, 2024, 10:44 IST
SUMMARY
The price of 24K Gold in Mumbai dropped to ₹79,460 per 10 grams, while in Delhi markets, it stood at ₹79,610 per 10 grams.
Spot silver dropped by 0.19% to $30.92 an ounce in global markets.
Gold prices slipped by ₹20 per 10 grams in major Indian cities on Friday, December 13, due to a firm US dollar ahead of the Federal Reserve decision on interest rates next week.
The precious metal slipped below the $2,700 an ounce level in overnight trade, capped by the gold’s two-day gains in local markets. Investors are awaiting the US Fed's decision on policy rates next week before making a move.
Spot gold was marginally up $2,686 an ounce in early Asian trade. The metal moved in a range from $2,679 an ounce to $2,692 an ounce in overnight trade.
In Delhi markets, 24K gold prices slipped by ₹ 20 to ₹79,610 per 10 grams and 22K gold to ₹72,990 per 10 grams. The 24K Gold in Mumbai dropped to ₹79,460 per 10 grams and 22K gold by ₹ 20 to ₹72,840 per 10 grams.
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
---|---|---|
Delhi | ₹72,990 | ₹79,610 |
Mumbai | ₹72,840 | ₹79,460 |
Chennai | ₹72,840 | ₹79,460 |
Kolkata | ₹72,840 | ₹79,460 |
Silver prices rebounded by ₹1,200 to ₹96,600 per kg in major Indian cities in early trade on Thursday mainly due to pick up in demand from coin makers and industrial units. The white metal retreated in global markets which capped its gains in the local markets.
Spot silver dropped by 0.19% to $30.92 an ounce in global markets. In overnight trade, the metal hit a high of $31.10 an ounce and a low of $30.87 an ounce.
City | Silver Price (per kg) |
---|---|
Delhi | ₹96,600 |
Mumbai | ₹96,600 |
Chennai | ₹104,100 |
Kolkata | ₹96,600 |
Gold took a breather on Friday after two days of gains as investors awaited the US Fed’s decision on rates next week. Renewed tariff threats by Donald Trump also strengthened the US dollar. Silver prices rebounded on Friday due to a revival in local demand from industrial units.
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
---|---|---|---|
Dec 13 | ₹72,840 | ₹79,460 | ₹96,600 |
Dec 12 | ₹72,860 | ₹79,480 | ₹95,400 |
Dec 11 | ₹72,060 | ₹78,610 | ₹96,600 |
Dec 10 | ₹71,310 | ₹77,790 | ₹91,900 |
Dec 9 | ₹71,140 | ₹77,610 | ₹91,900 |
Dec 7 | ₹71,150 | ₹77,620 | ₹92,000 |
Dec 6 | ₹71,410 | ₹77,900 | ₹92,100 |
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