Rates Hikes in Metro Cities, Silver Surges too

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Gold rates hiked by Re 1 on Thursday, March 18, for 1 gram as the price of the same quantity of 22-carat gold stood at Rs 4,397 compared to the rate of Rs 4,396 on the previous day. According to Good Returns, the price of 10 grams of 22-carat-gold is Rs 43,970 witnessing an increase of Rs 10 from the earlier day’s rate of Rs 43,960. Similar to the rates of 22-carat gold the price of 24 carats of the yellow metal also surged by Rs 10 and stood at Rs 44,970 for 10 grams, compared to the earlier cost of Rs 44,960. The rate of silver also observed nominal gains on Thursday.

Those who are planning to buy gold ornaments can check the rates of the metal in major metro cities below:

Delhi: The rate of 22-carat of the yellow metal stood at Rs 44,150 per 10 grams in the national capital. While for 24-carat gold it is Rs 48,160 for the same quantity.

Chennai: Those who are planning to buy gold jewellery will have to pay Rs 42,380 per 10 grams for 22-carat gold while for 24-carat gold of the same quantity the cost is Rs 46,230.

Kolkata: One will have to pay Rs 44,270 for 10 grams of 22-carat gold in Kolkata while for 24-carat the price is Rs 46,910 per 10 grams.

Mumbai: Rs 43,970 is the price of 22-carat gold per 10 grams in Mumbai, while for 10 grams of 24-carat gold the purchaser will have to pay Rs 44,970.

International Price of Gold

In the international market, the rate of gold surged 0.49 percent to USD 1,754.00 per ounce on Thursday. On the contrary, its performance in the last 30 days has decreased by 3.54 percent which is equivalent to USD 64.40.

Silver Prices

Witnessing a marginal rise of Rs 3, the rate of silver on Thursday per 10 grams stood at Rs 673 from the earlier rate of Rs 670.

Silver Rates in Metro Cities

The rate of silver in Delhi, Mumbai and Kolkata stood at Rs 67,300 for one kilogram. However, one will have to pay more that is Rs 71,600 for the same quantity of the metal in Chennai and Hyderabad.

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Gold gains marginally; silver jumps ₹553

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Gold in the national capital on March 9 gained marginally by ₹35 to ₹43,996 per 10 gram amid gain in global precious metal prices, according to HDFC Securities.

The precious metal had in the previous trade closed at ₹43,961 per 10 gram.

Silver also jumped ₹553 to ₹65,621 per kilogram from ₹65,068 per kilogram in the previous trade.

In the international market, gold was quoting with gains at $1,696 per ounce and silver was flat at USD 25.50 per ounce.

“Gold prices traded firm supported by weaker dollar,” according to HDFC Securities, Senior Analyst [Commodities], Tapan Patel.

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Gold Price on Feb 25: Rates Decline Marginally in Metros; Silver Price Increases

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The gold prices on Thursday, February 25, declined marginally whereas the rate of silver is on a hike. The cost of one gram of 22-carat gold stood at Rs 4,577 after a fall of Rs 18 from the earlier rate of Rs 4,595. Similarly, the price of 10 grams of 22-carat-gold stood at Rs 45,770 after witnessing a decline of Rs 180. According to Good Returns, the rate of 24-carat gold also decreased following the market trend as for 10 grams, the price is Rs 46,770, falling by Rs 180. However, on monitoring the costs you can see that there is always a difference of Rs 1,000 in the rates of 24-carat gold and 22-carat metal.

Following the national trend, the rate of metal also varies in different cities of the country. Know the price of the metal in various cities:

Delhi: In the national capital, the price of 22-carat gold stood at Rs 45,900 per 10 grams. Whereas for buying 10 grams of 24-carat gold one will have to pay Rs 50,090.

Chennai: For 22-carat gold, you will have to pay Rs 44,170 per 10 grams while for 24-carat gold Rs 48,170.

Kolkata: The cost of 22-carat gold is Rs 46,220 in the city while it is Rs 48,970 for 24-carat gold.

Mumbai: The price of 22-carat gold in Mumbai is Rs 45,770, while you will have to pay Rs 46,770 for 24-carat gold.

International Price of GoldIn the international market, the rate of gold decreased by 0.47 percent to USD 1,796.30 per ounce on Thursday. Similarly, in the last 30 days, the performance of gold has declined by 3.23 percent which is equivalent to USD 59.90.

Silver PricesCompared to the cost of the metal on the previous day, the Silver price has witnessed a rise of Rs 0.10 and is standing at Rs 705.10 per 10 grams on Thursday.

Silver Rates in Metro CitiesYou will have to pay Rs 70,510 for buying silver ornaments or jewellery in Delhi, Mumbai and Kolkata as the rate of one kilogram of the metal is the same in these cities. Whereas, in Chennai and Hyderabad you need to pay more that is Rs 74,400 for the same quantity of metal.



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