Gold prices in India witnessed a decline of ₹80 with a gram of 22 carat gold costing ₹5,420 compared to ₹5,500 on Wednesday, according to figures by Goodreturns. Prices of eight grams and 10 grams of 22 carat gold have also declined ₹640 and ₹800, now costing at ₹43,360 and ₹54,200 respectively.
The price of 24 carat gold also slumped on Thursday. The price of one gram of 24k gold stood at ₹5,913 while eight grams and 10 grams are priced at ₹47,304 and ₹59,130 respectively. The price of 100 grams of 24-carat gold is ₹5,91,300.
The prices of one gram, eight grams, 10 grams and 100 grams of 24-carat gold have declined by ₹87, ₹696, ₹870, and ₹8,700 respectively from Wednesday, according to Goodreturns.
Meanwhile, the prices of silver also witnessed a marginal drop on Thursday. A gram of silver is priced at ₹71.60 compared to ₹72 on Wednesday. Similarly, eight grams of silver is priced at ₹572.80, with a decrease of ₹4. The price of 10 grams of silver is available at ₹716 while one kg of silver will cost ₹71,600, with a slump of ₹500 from yesterday’ price, Goodreturns said.
Here are the gold and silver prices of top Indian cities on Thursday:
|CITY||GOLD 22 CARAT (Rs/10 GRAM)||SILVER (Rs/10 GRAM)|
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.