HDFC Securities said that on Wednesday, the Delhi bullion market fell by Rs 92 to Rs 48,424 per ten grams. In the last trading session, gold had closed at Rs 48,516 per 10 grams. Similarly, silver also fell by Rs 414 to Rs 70,181 per kg. In the previous session, the closing price of silver was Rs 70,595 per kg.
In the international market, gold was trading marginally higher at USD 1,893 an ounce, while silver remained stable at USD 27.65 an ounce.
IBJA rates
If you look at the rate of India Bullion and Jewelers Association Limited ie IBJA, then today the price of gold is like this- (These prices are given per gram without GST charge)
999 (purity) – 48,981
995- 48,785
916- 44,867
750- 36,736
585- 28,654
Silver 999- 70,819
Gold and silver prices in big cities
If you look at the Good Returns website, today the price of 24 carat gold is running at 4,868 on 1 gram, 38,944 on 8 grams, 48,680 on 10 grams and 4,86,800 on 100 grams. If you see per 10 grams, then 22 carat gold is being sold at 47,680.
If we look at the prices of gold in major cities, then the price of 22 carat gold in Delhi is 48,040 and 24 carat gold is running at 52,420. In Mumbai, 22 carat gold is running at 47,680 and 24 carat gold at 48,680. In Kolkata, 22 carat gold is Rs 48,220, while 24 carat gold is Rs 50,920. The price of 22 carat gold in Chennai is Rs 46,300 and 24 carat is at Rs 50,500. These prices are per 10 grams of gold.
If we talk about silver, according to the website, the price of silver per kg is Rs 71,900 per kg. Silver is being sold at Rs 71,900 per kg in Delhi. The price of silver in Mumbai and Kolkata is also the same. The price of silver in Chennai is Rs 75,800 per kg.
There was a fall in futures prices
In the last trading session, the demand for gold and silver remained weak, due to which speculators cut their positions, due to which the price of gold fell by Rs 77 to Rs 49,050 per 10 grams in the local futures market on Wednesday. On the Multi Commodity Exchange, gold for delivery in August fell by Rs 77, or 0.16 per cent, to Rs 49,050 per 10 grams. It had a business turnover of 11,704 lots. Globally, gold fell by 0.15 per cent to USD 1,891.60 an ounce in New York.
At the same time, the futures price of silver fell by Rs 83 to Rs 71,148 per kg. Silver futures contract for delivery in July fell by Rs 83, or 0.12 per cent, to Rs 71,148 per kg. The futures contract was traded for 11,509 lots. Globally, silver fell by 0.17 per cent to USD 27.69 an ounce in New York.
(with input from language)