Market News
3 min read | Updated on December 02, 2024, 10:57 IST
SUMMARY
In Delhi markets, 24K gold prices dropped by ₹10 to ₹78,140 per 10 grams and 22K gold by ₹10 to ₹71,640 per 10 grams. Silver prices declined by ₹100 to ₹91,400 per kg in major Indian cities in early trade on Monday.
Gold and Silver Price Today (December 2): Gold prices slip on weak global trends
Gold prices slipped by ₹10 per 10 grams in major Indian cities in early trade on Monday, December 2, in line with global trends. The precious metal retreated from the early high of $2,653 an ounce in global markets following a firm US dollar and the US Fed’s cautious stance on rate cuts. Some wedding season demand, however, supported prices.
Spot gold declined by 1% to $2,627 an ounce in early Asian trade. The metal moved in a range from $2,623 an ounce to $2,653 an ounce in overnight trade.
In Delhi markets, 24K gold prices dropped by ₹10 to ₹78,140 per 10 grams and 22K gold by ₹10 to ₹71,640 per 10 grams. The 24K Gold had gained ₹660 to ₹78,150 per 10 grams in local markets on Saturday. The 22k gold jumped ₹610 to ₹71,640 per 10 grams.
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
---|---|---|
Delhi | ₹71,640 | ₹78,140 |
Mumbai | ₹71,490 | ₹77,990 |
Chennai | ₹71,490 | ₹77,990 |
Kolkata | ₹71,490 | ₹77,990 |
Silver prices declined by ₹100 to ₹91,400 per kg in major Indian cities in early trade on Monday. The white metal moved in line with global trends. Silver had spurted ₹2,100 per kg on Saturday after Israel and Lebanon accused each other of breaking the truce.
Spot Silver dropped 1.28% to $30.20 an ounce in global markets. The metal hit a high of $30.60 an ounce and a low of $30.13 an ounce in overnight trade.
City | Silver Price (per kg) |
---|---|
Delhi | ₹91,400 |
Mumbai | ₹91,400 |
Chennai | ₹99,900 |
Kolkata | ₹91,400 |
Gold opened the week at a lower price following weak global cues. After a brief rebound on Saturday on increased geopolitical tensions in the Middle East, gold has decreased marginally due to a firm dollar. Silver prices also corrected on Monday after a rebound on Saturday.
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
---|---|---|---|
Dec 2 | ₹71,490 | ₹77,990 | ₹99,400 |
Nov 30 | ₹71,500 | ₹78,000 | ₹99,500 |
Nov 29 | ₹70,890 | ₹77,340 | ₹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 |
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