Gold Prices Fall In India For 2nd Day: 24K/100 Grams Gold Down By Rs 4,900, Silver Dips Too

Gold prices in India today witnessed decline for second day in a row as US gold prices too slipped on Friday. However, despite the decline today, yellow metal prices are on track for a fourth straight weekly gain amid prospects that Federal Reserve likely to slash US interest rates in September. Meanwhile, silver prices also recorded sharp fall today for second consecutive day as 1 kg silver prices slipped by Rs 1450.

22k gold prices today stood at Rs 68,150/ 10 grams after decline of Rs 450 and 100 grams of 22 carat yellow metal prices today fell by Rs 4500 to Rs 6,81,500. 24K gold prices today slipped by Rs 490 to Rs 74,350/10 grams and 100 grams of 24 carat precious metal prices today stood at Rs 7,43,500 after fall of Rs 4,900.

18k gold prices today in India dived by Rs 370 to Rs 55,760/10 grams and 100 grams of 18 carat yellow metal prices slipped by Rs 3700 to Rs 5,57,600 in the country on July 19.

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: Spot gold fell 0.4% at $2,434.38 per ounce, as of 0047 GMT, after hitting an all-time high of $2,483.60 on Wednesday. Prices surged 1% for the week. Spot silver declined sharply by nearly 1.4% to $29.65 per ounce, platinum fell 0.6% at $961.80 and palladium fell 0.3% to $927.20, according to Reuters.

The Reuters report added, "analysts foresee long-term gains for the precious metal, driven by the Federal Reserve's preparations to cut rates, believing inflation is under control," said Russell Shor, senior market specialist at Tradu.

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

Gold prices in India today fell by Rs 450, declined again by Rs 150 on July 18, 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, and stayed stable on July 10.

1kg Silver price India movement in last 10-days

Silver price in India today witnessed sharp decline of Rs 1450, slipped again by Rs 1300 on July 18, 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 19, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat of gold price Chennai today is Rs 6,875

Yellow Metal Price Mumbai: Price of 1 gram of 22 carat gold in Mumbai on July 19 is Rs 6,815

Precious Metal Price Delhi: Price of 1 gram of 22 carat yellow metal in Delhi on July 19 is Rs 6,830

Gold Price Kolkata: Price of 1 gram of 22 carat of yellow metal in Kolkata on July 19, 2024 is Rs 6,815

Gold Price Kerala: Cost of 1 gram of 22K gold in Kerala on July 19 is Rs 6,815

Yellow Metal Price Bangalore: Price of 1 gram of 22 carat gold in Bangalore on July 19 is Rs 6,815