Gold Prices India, July 11: 24k/100 Grams Gold Jumps By Rs 2200, Silver Gains Too

Gold prices in India jumped on Thursday after remaining unchanged a day before and witnessing fall on July 9 and July 8. Meanwhile, US gold prices remained steady on July 11, 2024 as investors are looking forward to US inflation data to be released later in the day today for more cues on Fed Reserve's interest rate trajectory.

22k gold prices in India today jumped by Rs 200 to Rs 67,300/10 grams and 100 grams of 22 carat gold prices today stood at Rs 6,73,000 after rising by Rs 2000. On the other hand, 24k yellow metal prices today soared by Rs 220 to Rs 73,420/10 grams and 100 grams of 24 carat yellow metal prices rose by Rs 2,200 to settle at Rs 7,34,200 in the country on Thursday. 18K gold prices in India today surged by Rs 160 to Rs 55,060/10 grams and 100 grams of 18 carat precious metal prices got dearer by Rs 1600 to Rs 5,50,600 in the country on Thursday.

According to Reuters, "Powell did not deliver any hawkish surprises in his speech to the Senate yesterday, and that kind of assuaged the marketplace about any notions the Fed would not be able to cut interest rates yet this year," said Jim Wyckoff, senior market analyst at Kitco Metals.

The Reuters report added, the focus will be shifting to U.S. consumer price index (CPI) data to be released later today and the producer price index (PPI) report on Friday, with recent numbers highlighting inflation cooled from unexpectedly high levels at the start of the year.

"If those reports come in as expected ... to show cooling inflation, then we can see the gold-silver markets continue to trade sideways to higher," Wyckoff added.

Spot Gold, Spot Silver Prices Today: Spot gold remained nearly unchanged at $2,372.99 per ounce, as of 0042 GMT. US gold futures traded flat at $2,378.40. Spot silver jumped 0.2% to $30.87 per ounce, platinum rallied 0.5% to $994.10 and palladium rose 0.4 per cent to $989.93.

Silver Prices Today: Silver prices in India today witnessed rally by Rs 1000 to Rs 95,500. 100 grams of silver price in India on Thursday jumped by Rs 100 to Rs 9,550.

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

Gold prices India today jumped by Rs 200, remained steady on July 10, 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, and jumped by Rs 100 on July 2.

1kg Silver price India movement in last 10-days

Silver price in India today rose by Rs 1000, stayed steady on July 10, slipped 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, and gained by Rs 800 on July 2.

1 Gram of 22k Gold prices In 5 Major Metropolitan Cities Of India On July 11, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat of gold price Chennai today is Rs 6,785

Yellow Metal Price Mumbai: Price of 1 gram of 22 carat gold in Mumbai on July 11 is Rs 6,730

Precious Metal Price Delhi: Price of 1 gram of 22 carat yellow metal in Delhi on July 11 is Rs 6,745

Gold Price Kolkata: Price of 1 gram of 22 carat of yellow metal in Kolkata on July 11, 2024 is Rs 6,730

Gold Price Kerala: Cost of 1 gram of 22K gold in Kerala on July 11 is Rs 6,730

Yellow Metal Price Bangalore: Price of 1 gram of 22 carat gold in Bangalore on July 11 is Rs 6,730