On Makar Sankranti, Gold Price Today Sees Sharp Decline, Silver Gains

15 Janvier, 2021, 19:57 | Auteur: Auguste Feret
  • Gold rate today Prices on MCX rose to ₹49,410 per 10 gram

On Thursday, gold prices saw a decline of Rs 12 in the price of one gram of 22-carat gold, fixing its rate at Rs 4,846.

Gold prices gained Rs 286 to Rs 48,690 per 10 gram in the national capital on Friday following recovery in worldwide price of the precious metal and rupee depreciation, according to HDFC Securities.

On Wednesday, the price of the gold recorded Rs 46,200 for 22 carat while the 24 carat gold was recorded at Rs 50,400.

22 carat gold increased by Rs 300 per 10 grams while the 24 carat gold falls by Rs 330 in the last 24 hours.

Although prices in Delhi and Kolkata have increased, the price of 22-carat gold in Chennai stands unchanged.

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Gold prices in India are likely to open lower, when shops and establishments selling gold, open-up for operations. For purchasing 10 grams of 22-carat gold, investors are going to spend Rs 48,980.

When it comes to silver rate, it has seen a sharp rise for the second day as 10 grams of the metal can be bought for Rs 663 today after an increase of Rs 5 per 10 grams. The price of 10 grams of 24-carat gold is Rs 51,050. Silver prices rose Rs 144 to Rs 65,351 per kilogram from Rs 65,207 per kilogram in the previous trade.

In the global market, Gold gained about 1% on Tuesday, bouncing off a one-month low touched in the last session, as focus returned to prospects of inflation driven by more US fiscal stimulus under President-elect Joe Biden.

However, silver is expensive in Chennai and Hyderabad as the same quantity of silver can be purchased for Rs 70,400.

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