Gold Price In India, July 13: Check Latest Gold Prices After 2-Days Rally, Silver Up By Rs 4500

Gold prices in India remained steady on Saturday and likely to witness third weekly gain as investors expect US Federal Reserve may slash interest rates soon. 22k gold price today stood at Rs 67,600/10 grams and 100 grams of 22 carat gold rate today remained unchanged to Rs 6,76,000. 24K yellow metal prices today quoted at Rs 73,750/10 grams while 100 grams of 24 carat precious metal prices are retailing at Rs 7,37,500.

18k gold prices today remained unchanged at Rs 55,310/10 grams and 100 grams of 18 carat prices today stood at Rs 5,53,100. Silver prices in India jumped by Rs 4500 in last 10-days and witnessed fall only on July 9 from July 4 to July 13 period.

According to Reuters, gold prices soared to their highest since May 22 on Thursday after an unanticipated fall in U.S. consumer prices. The data boosted the view that the disinflation trend has resumed and lifted hopes for rate cuts by the Fed. "We're seeing some profit-taking pressure, a routine corrective pullback after the solid gains. Today's producer price index report was hotter than expected and that added to some selling pressure," said Jim Wyckoff, senior market analyst at Kitco Metals.

Spot Gold, Spot Silver Prices Today: Spot gold remained unchanged at $2,413.73 per ounce as of 12:11 p.m. ET (1611 GMT). The bullion was up approximately 1% for the week so far. U.S. gold futures edged 0.1% lower to $2,419.10. Elsewhere, spot silver FELL 1.6% to $30.93 per ounce after jumping an over one-month high on Thursday. Platinum declined 0.7% to $997.25 and palladium fell 2.1% to $974.18.

22k/10 Grams Gold Price Movement In Last 10-Days In India
Gold prices in India today remained steady, surged by Rs 300 on July 12, jumped again by Rs 200 on July 11, remained steady on July 10, declined by Rs 350 on July 9, fell by by Rs 200 on July 8, remained stable on July 7, witnessed sharp rise of Rs 650 on July 6, stayed steady on July 6, and jumped by Rs 650 on July 4.

1kg Silver price India movement in last 10-days
Silver price in India today remained steady, stayed steady again on July 12, surged by Rs 1000, stayed steady on July 10, slipped by Rs 500 on July 9, jumped by Rs 200 on July 8, remained stable on July 7, jumped sharply by Rs 1600 July 6, rose by Rs 200 on July 5, and jumped by Rs 1500 on July 4.

1 Gram of 22k Gold Rate In 5 Major Metropolitan Cities Of India On July 13, 2024:

Precious Metal Price Delhi: Price of 1 gram of 22 carat yellow metal in Delhi on July 13 is Rs 6,775

Yellow Metal Price Bangalore: Price of 1 gram of 22 carat gold in Bangalore on July 13 is Rs 6,760