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  1. Gold prices fall for 4th straight day, silver remains steady; check the latest prices in your city

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Gold prices fall for 4th straight day, silver remains steady; check the latest prices in your city

Upstox

3 min read | Updated on November 14, 2024, 10:42 IST

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SUMMARY

In major Indian cities, gold of 24K purity fell by ₹440 per 10 grams, while the yellow metal of 22K purity dropped by ₹400 per 10 grams. Silver traded steady at ₹90,900 per kg.

In Delhi markets, 24K gold prices declined by ₹440 to ₹76,990 per 10 grams

In Delhi markets, 24K gold prices declined by ₹440 to ₹76,990 per 10 grams

Falling for the fourth day in a row, gold price dropped by ₹ 440 per 10 grams in early trade on Thursday, November 14, after firm US inflation data boosted the dollar value in global markets. Weak domestic demand also weighed on the precious metal.

The US dollar index firmed up to 106.50 level after official data showed US retail inflation inched up to 2.6% in October, tinkering the rate cut hopes.

Gold of 24K purity fell by ₹440 per 10 grams while the yellow metal of 22K purity dropped by ₹400 per 10 grams in major Indian cities.

US spot gold was trading down by 0.2% at $2,567 an ounce in early Asian trade. The metal dropped to an over two-month low of $2,565 an ounce in overnight trade.

Check the latest gold and silver prices across major cities today:

Gold Price Today in India (November 14, 2024)

In Delhi markets, 24K gold prices declined by ₹440 to ₹76,990 per 10 grams and 22K gold by ₹400 to ₹70,590 per 10 grams.

Below is a detailed breakdown of gold prices across key cities:

Gold Price Today in Major Cities:

City22K Gold (per 10gm)24K Gold (per 10gm)
Delhi₹70,590₹76,990
Mumbai₹70,440₹76,840
Chennai₹70,440₹76,840
Kolkata₹70,440₹76,840

Silver Price Today in India (November 14, 2024)

Silver prices remained steady in major Indian cities in early trade on Thursday due to some demand from industrial units. Silver traded steady at ₹90,900 per kg in major Indian cities.

Spot silver dropped by 0.4% to $30.19 an ounce in global markets. In overnight trade, the metal hit a low of $30.16 an ounce and a high of ₹ $30.43 an ounce.

Silver Price Today in Major Cities:

CitySilver Price (per kg)
Delhi₹90,900
Mumbai₹90,900
Chennai₹101,100
Kolkata₹90,900

Comparison of gold and silver prices this week

Gold prices declined for the fourth straight day this week as the US dollar gained strength and bond yields firmed up. A firm CPI data also bolstered the greenback which weighed on the precious metal. Silver also retreated in the global markets, capping the domestic prices despite some industrial demand.

Here’s a comparison of gold and silver prices from earlier this week:

Date22K Gold (per 10g)24K Gold (per 10g)Silver Price (per kg)
Nov 14₹70,440₹76,840₹90,900
Nov 13₹70,840₹77,280₹90,900
Nov 12₹72,190₹78,750₹92,900
Nov 11₹72,740₹79,350₹93,900
Nov 9₹72,750₹79,360₹94,000
Nov 8₹71,990₹78,550₹92,900
Nov 7₹72,090₹78,650₹93,900
All Mumbai rates

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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