Gold price today: Precious metal prices fell sharply in the national capital on Friday as investors continued to book profits for the second consecutive session. Silver plunged nearly 5%, while gold also registered a steep decline.
According to the All India Sarafa Association, silver prices dropped by Rs 13,000, or 4.85%, to Rs 2,55,000 per kilogram (inclusive of all taxes), compared with Thursday’s closing price of Rs 2,68,000 per kg.
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Gold of 99.9% purity also weakened, falling Rs 3,400, or 2.12% , to Rs 1,57,200 per 10 grams (inclusive of all taxes), down from Rs 1,60,600 per 10 grams in the previous session.
Traders said the decline in domestic prices was largely due to profit-taking at elevated levels, even as global precious metal prices recovered later in the day.
In the international markets, bullion prices rebounded sharply after an early sell-off.
Spot silver jumped $3.02, or 4.26% to $74 per ounce, recovering from an intra-day low of $64.08 per ounce, where it had fallen nearly 10% .
Gold also staged a strong recovery, rising $106.74, or 2.23% , to $4,887.30 per ounce after hitting a session low of $4,654.86 per ounce earlier in the day.
Gold prices today across major Indian cities
Gold price today in AhmedabadIn Ahmedabad, 24-carat gold is priced at Rs 15,447 per gram, while 22-carat gold is selling at Rs 14,160 per gram.
The price of 18-carat gold stands at Rs 11,587 per gram.
Gold price today in DelhiIn Delhi, gold prices are slightly higher, with 24-carat gold available at Rs 15,457 per gram. The 22-carat variant is priced at Rs 14,170 per gram, while 18-carat gold is trading at Rs 11,597 per gram.
Gold price today in MumbaiIn Mumbai, the rate for 24-carat gold is Rs 15,442 per gram. The 22-carat gold price stands at Rs 14,155 per gram, and 18-carat gold is selling at Rs 11,582 per gram.
Gold price today in Hyderabad Gold prices in Hyderabad mirror those in Mumbai, with 24-carat gold priced at Rs 15,442 per gram. The 22-carat variant costs Rs 14,155 per gram, while 18-carat gold is available at Rs 11,582 per gram.
Gold price today in ChennaiIn Chennai, gold rates are higher compared to most other cities. The price of 24-carat gold is Rs 15,622 per gram, while 22-carat gold is selling at Rs 14,320 per gram. The 18-carat gold rate in the city stands at Rs 12,250 per gram.
Gold price today in KolkataIn Kolkata, 24-carat gold is trading at Rs 15,442 per gram. The 22-carat variant is priced at Rs 14,155 per gram, while 18-carat gold costs Rs 11,582 per gram.
Gold price today in PuneIn Pune, gold prices are in line with Mumbai and Hyderabad. The rate for 24-carat gold stands at Rs 15,442 per gram, with 22-carat gold priced at Rs 14,155 per gram and 18-carat gold at Rs 11,582 per gram.