Gold Price India, Sept 9: Check Latest 18k, 22k, 24k Gold Prices, Silver Falls Rs 5900

Gold prices in India today steadied as traders are keenly looking forward to US inflation report scheduled to come this week to boost their bets on the size of a likely rate cut by Federal Reserve later this month. 22K gold prices today stood at Rs 66,800/10 grams and 100 grams of 22 carat precious metal prices today remained stable at Rs 6,68,000. 24k gold prices today stayed unchanged at Rs 72,870/10 grams and 100 grams of 24 carat precious metal prices today remained neutral at Rs 7,28,700. It is worth mentioning here that silver prices slipped by Rs 5,900 and jumped by just Rs 2500 last 10-days (beginning from August 31 to September 9).

18k gold prices today stood at Rs 54,660/10 grams and 100 grams of 18 carat precious metal prices today are retailing at Rs 5,46,600. Meanwhile, 1 gram gold rate today for 22k gold prices is Rs 6,680 and 1 gram gold price today for 24k gold is retailing at Rs 7,287. 1 gram gold price today for 18 gram gold stood at Rs 5466.

Spot Gold, Spot Silver Prices Today: Spot gold slipped by 0.2% to $2,492.54 per ounce, as of 0541 GMT. U.S. gold futures declined 0.1% to $2,526.10. Spot silver dived 0.5% to $27.81 per ounce, platinum soared 0.9% to $929.65 and palladium surged 0.5% to $914.73, according to Reuters.

According to Reuters, "Gold has been content to just drift within an earshot of the $2,500 level ahead of key event risk in the form of CPI on deck this week and if that comes in below expectations, a stronger story will play out for gold," said Tim Waterer, chief market analyst, KCM Trade.

Silver Prices Today In India: Silver price in India today recorded rally. 1kg silver prices today surged by Rs 500 to Rs 85,000. 100 grams silver price today in India rallied by Rs 50 to Rs 8,500.

22k Gold Price Movement In Last 10-Days In India (1 gram)

22k gold price in India today remained stable, stayed unchanged on September 8, slipped by Rs 40 on September 7, surged by Rs 55 on September 6, stayed steady on September 5, recorded slight decline of Re 1 on September 4, remained stable on September 3, slipped by Rs 25 on September 2, stayed unchanged on September 1, and fell by Rs 10 on August 31.

On reasons behind fluctuations in yellow metal prices of late, Renisha Chainani, Head Research - Augmont - Gold For All, "gold fluctuates about $2500 (~Rs 72000) based on mixed economic indicators from the US. The mixed US employment data decreased the chances of a greater 50 basis point rate cut by the FED. This results in a minor rise in US Treasury bond rates, which helps the US Dollar build on Friday's rebound from a one-week low and works as a headwind for the yellow metal."

On Friday, the US Bureau of Labor Statistics said that nonfarm payrolls increased by 142,000 in August, compared to the predicted 160,000 and the prior month's downwardly revised total of 89,000. According to the CME Group's FedWatch tool, markets are pricing in a 70% possibility of the Federal Reserve cutting rates by 25 basis points later this month, with a 30% chance of a 50-basis-point drop. Any following price decline is a buying opportunity at the $2470 (~Rs 71000) horizontal support, added Renisha Chainani.

1kg Silver price India movement in last 10-days

Silver price in India today jumped by Rs 500, remained neutral on September 8, declined by Rs 2500, recorded steep surge of Rs 2000 on September 6, stayed steady on September 5, slipped by Rs 1000 on September 4, remained steady on September 3, fell by Rs 1000 on September 2, remained steady on September 1, and fell by Rs 1400 on August 31.

1 Gram of 22k Gold prices In 5 Major Metropolitan Cities Of India On September 9, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat gold rate in Chennai today is Rs 6,720

Yellow Metal Price Mumbai: 1 gram of 22 carat gold price in Mumbai on September 9 is Rs 6,720

Gold Price Delhi: 1 gram of 22 carat yellow metal price in Delhi on September 9 is Rs 6,735

Gold Price Kolkata: 1 gram of 22 carat of yellow metal price in Kolkata on September 9, 2024 is Rs 6,72

Gold Price Kerala: 1 gram of 22K gold prices in Kerala on September 9 is Rs 6,720

Yellow Metal Price Bangalore: 1 gram of 22 carat gold rate in Bangalore on September 9 is Rs 6,720.