Gold Prices India, July 10: Check Latest Yellow Metal Prices After 2-Days Decline

Gold price in India on Wednesday stayed steady after witnessing decline for 2-consecutive days as investors looking forward to crucial US inflation data that would throw more light on US Fed Reserve's interest rate trajectory. 22k gold prices today remained unchanged at Rs 67,100/10 grams in India while 100 grams of 22 carat yellow metal prices today in the country stood at Rs 6,71,000.

Meanwhile, 24k gold prices today did not witness any changes and quoted at Rs 73,200/10 grams and 100 grams of 24 carat precious metal prices are retailing at Rs 7,32,000. On the other hand, 18k gold prices today remained stable at Rs 54,900/10 grams and 100 grams of 18 carat yellow metal prices stayed at Rs 5,49,000 on July 10, 2024.

Gold prices witnessed sharp rally so far in 2024 as a result of several factors including global uncertainty, buying of the precious metal by several leading central banks and expectations of rate cut by US Federal Reserve.

According to Reuters, Federal Reserve Chair Jerome Powell said in remarks to Congress that inflation had been improving in recent months and that "more good data would strengthen" the case for looser monetary policy. However, he told lawmakers that he did not want "to be sending any signals about the timing of any future actions" on rates.

Spot Gold, Spot Silver Prices Today: Spot gold witness minor changes to settle at $2,365.09 per ounce, as of 0040 GMT. US gold futures surged 0.2% to $2,372.60. Spot silver slipped 0.1% to $30.77, platinum rallied 0.3% to $986.80 and palladium was flat at $980.49, according to Reuters.

Silver Prices Today: Silver prices in India today remained stable at Rs 94,500/kg. 100 grams of silver price in India on Wednesday remained steady at Rs 9,450.

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

Gold price India today remained steady, 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, jumped by Rs 650 on July 4, remained unchanged on July 3, jumped by Rs 100 on July 2, and stayed steady on July 1.

According to brokerage firm Motilal Oswal, "Fed Chair is watchful of economic data points as he accepted that keeping rates too high could jeopardise economic growth. Updates regarding geopolitical tensions in the Middle East also support the risk premium in the market."

Motilal Oswal anticipates gold to trade in a range of Rs 72,200-Rs 73,000, with support at Rs 72,300-72,100 and resistance at Rs 72,750-72,925.

1kg Silver price India movement in last 10-days
Silver price in India today did not witness any changes, fell 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, jumped by Rs 1500 on July 4, rose by Rs 500 on July 3, rallied by Rs 800 on July 2, and jumped by Rs 200 on July 1.

1 Gram of 22k Gold prices In 5 Major Metropolitan Cities Of India On July 10, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat of gold price Chennai today is Rs 6,760

Yellow Metal Price Mumbai: Price of 1 gram of 22 carat gold in Mumbai on July 10 is Rs 6,710

Precious Metal Price Delhi: Price of 1 gram of 22 carat yellow metal in Delhi on July 10 is Rs 6,725

Gold Price Kolkata: Price of 1 gram of 22 carat of yellow metal in Kolkata on July 10, 2024 is Rs 6,710

Yellow Metal Price Bangalore: Price of 1 gram of 22 carat gold in Bangalore on July 10 is Rs 6,710