Gold Price In India Slips, July 18: Check Latest 18k, 22k, 24K Gold Prices, Sharp Dip In Silver

Gold prices in India witnessed decline today after hitting new high on Wednesday thus offering relief to buyers. Meanwhile, latest comments from Federal Reserve officials sparked prospects of a September interest rate cut in the US. 22K gold price today in India declined by Rs 150 to Rs 68,600/10 grams and 100 grams of 22 carat yellow metal prices today became cheaper by Rs 1500 to settle at Rs 6,86,000. 24K gold prices today slipped by Rs 160 to Rs 74,840/10 grams and 100 grams of 24 carat yellow metal prices today fell by Rs 1600 to Rs 7,48,400. Meanwhile, 18k gold prices today dived by Rs 120 to Rs 56,130/10 grams and 100 grams of 18 carat precious metal prices dipped by Rs 1200 to Rs 5,61,300.

According to a report published in Reuters, "It seems like it's evident that the Federal Reserve is going to cut rates in September and that, coupled with the concept of the de-dollarization of how central banks have been buying more gold versus the U.S. Treasury yields, are currently the catalyst that is driving gold to these highs" said Alex Ebkarian, chief operating officer at Allegiance Gold.

Earlier, Fed Chair Jerome Powell said on Monday recent inflation readings "add somewhat to confidence" that the pace of price increases is returning to the central bank's target in a sustainable fashion, added the Reuters report.

Spot Gold, Spot Silver Prices Today: Spot gold remained slightly changed at $2,459.47 per ounce, as of 0051 GMT.Prices touched an all-time high of $2,483.60 on July 17. US gold futures surged 0.1% to $2,462.50. Spot silver rallied 0.1% to $30.33 per ounce, platinum steadied at $994.40 and palladium rose 0.8% to $958.99.

Silver Prices Today In India: Silver price today in India declined after strong rally of Rs 1000 a day before. 1 kg silver prices declined by Rs 1300 to Rs 94,700 and 100 grams of silver prices today fell by Rs 130 to Rs 9,470.

22k/10 Grams Gold Price Movement In Last 10-Days In India

Gold prices in India today declined by Rs 150, jumped by Rs 900 on July 17, surged by Rs 350 on July 16, declined by Rs 100 on July 15, remained steady on July 14, stayed unchanged on July 13 as well, rallied by Rs 300 on July 12, rose again by Rs 200 on July 11, stayed stable on July 10, and declined by Rs 350 on July 9.

1kg Silver price India movement in last 10-days

Silver price in India today slipped by Rs 1300, jumped by Rs 1000 on July 17, declined by Rs 200 on July 16, slipped by Rs 300 on July 15, remained steady on July 14, stayed steady again on July 13 and 12, surged by Rs 1000, stayed steady on July 10, slipped by Rs 500 on July 9, jumped by Rs 200 on July 8, and remained stable on July 7.

1 Gram of 22k Gold Rate In 5 Major Metropolitan Cities Of India On July 18, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat of gold price Chennai today is Rs 6,905

Yellow Metal Price Mumbai: Price of 1 gram of 22 carat gold in Mumbai on July 18 is Rs 6,860

Precious Metal Price Delhi: Price of 1 gram of 22 carat yellow metal in Delhi on July 18 is Rs 6,875

Gold Price Kolkata: Price of 1 gram of 22 carat of yellow metal in Kolkata on July 18, 2024 is Rs 6,860

Gold Price Kerala: Cost of 1 gram of 22K gold in Kerala on July 18 is Rs 6,860

Yellow Metal Price Bangalore: Price of 1 gram of 22 carat gold in Bangalore on July 18 is Rs 6,860.