Gold Prices Fall In India, July 8: 18K, 22K, 24K Gold Prices Slip, Silver Jumps By Rs 5000

Gold prices in India on Monday declined after rising for last several days giving buyers slight relief. Meanwhile, US gold prices slipped on July 8 but still trading near a more than 1-month high as softer US data enhanced hopes of an interest rate cut by Fed Reserve in September. 22k gold prices in India today fell by Rs 200 to Rs 67,450/10 grams and 100 grams of 22 carat yellow metal prices today slipped by Rs 2000 to Rs 6,74,500. 24K precious metal prices in India dived by Rs 220 to Rs 73,580/10 grams and 100 grams of 24 carat gold prices today dipped by Rs 2200 to Rs 7,35,800. Meanwhile, silver prices only witnessing rally in India for last few days and jumped by Rs 5000 in the last 10 days only.

18k gold prices today declined by Rs 160 to Rs 55,190/10 grams and 100 grams of 18 carat yellow metal prices today got cheaper by Rs 1600 to Rs 5,51,900.

Spot Gold, Spot Silver Prices Today: Spot gold fell 0.2% at $2,386.58 per ounce, as of 0022 GMT, after soaring to its highest level since May 22 on Friday. US gold futures eased 0.2% to $2,393.80. Spot silver declined 0.2% to $31.15, platinum edged 0.3% lower to $1,024.00 and palladium fell 0.8% to $1,017.78, according to Reuters.

Silver Prices Today: Silver prices in India today surged again by Rs 200 to Rs 95,000/kg. 100 grams of silver price in India on Monday jumped by Rs 20 to Rs 9,500.

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

Gold price India today declined after several days by Rs 200, 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, stayed steady on July 1, did not witness any change also on June 30, rose by Rs 100 on June 29, and jumped by Rs 400 on June 28.

According to Reuters, "We're getting a little bit of profit taken this morning because we had such a significant rally on Friday night after the payrolls data," said Kyle Rodda, a financial market analyst at Capital.com.

The Reuters report added, "a soft U.S. inflation report and a dovish tone from Powell when he testifies look like the ideal catalysts for gold to consider new highs, said Matt Simpson, a senior analyst at City Index. "China may have paused their gold purchases, but it remains in demand overall. And that is likely to keep gold on bullish watchlists and tempt bullish bets upon any dips," Simpson said.

1kg Silver price India movement in last 10-days

Silver price in India today jumped by Rs 200, 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, jumped by Rs 200 on July 1, stayed steady on June 30, and remained unchanged on June 28.

1 Gram of 22k Gold prices In 5 Major Metropolitan Cities Of India On July 08, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat of gold price Chennai today is Rs 6,800

Yellow Metal Price Mumbai: Price of 1 gram of 22 carat gold in Mumbai on July 08 is Rs 6,745

Precious Metal Price Delhi: Price of 1 gram of 22 carat yellow metal in Delhi on July 08 is Rs 6,760

Gold Price Kolkata: Price of 1 gram of 22 carat of yellow metal in Kolkata on July 08, 2024 is Rs 6,745

Gold Price Kerala: Cost of 1 gram of 22K gold in Kerala on July 08 is Rs 6,745

Yellow Metal Price Bangalore: Price of 1 gram of 22 carat gold in Bangalore on July 08 is Rs 6,745