Gold prices in India witnessed a decline of ₹50 with a gram of 22 carat gold costing ₹5,480 compared to ₹5,530 on Monday, according to figures by Goodreturns. Prices of eight grams and 10 grams of 22 carat gold have also declined ₹400 and ₹500, now costing at ₹43,840 and ₹54,800 repectively.
The price of 24 carat gold also slumped on Tuesday. One gram of 24k gold is priced at ₹5,978 while eight grams and 10 grams are priced at ₹47,824 and ₹59,780 respectively. The price of 100 grams of 24-carat gold is ₹5,97,800.
The prices of one gram, eight grams, 10 grams and 100 grams of 24-carat gold have declined by ₹54, ₹432, ₹540, and ₹5,400 respectively from Monday, according to Goodreturns.
Meanwhile, the prices of silver also saw a marginal decline On Tuesday. A gram of silver is priced at ₹72 compared to ₹72.10 on Monday. Similarly, eight grams of silver is priced at ₹576, with a decrease of ₹0.80. The price of 10 grams of silver is available at ₹720 while one kg of silver will cost ₹72,000, with a slump of ₹100 from yesterday’ price, Goodreturns said.
Here are the gold and silver prices of top Indian cities on Tuesday:
| CITY | GOLD 22 CARAT (Rs/ 10 GRAM) | SILVER (Rs/10 GRAM) |
| DELHI | 54,950 | 720 |
| MUMBAI | 54,800 | 720 |
| KOLKATA | 54,800 | 720 |
| CHENNAI | 55,800 | 746 |
| BENGALURU | 54,850 | 746 |
Gold prices in India are sourced from some of the reputed jewellers and it dependent on the markets. The prices are determined by a range of factors including volatile policies, slowing economic growth and the strength of the Rupee against US dollar.
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