LAST UPDATED: Jan. 27, 2021, 3:10 p.m.
New Delhi (Anish Yande): Gold and silver prices declined today in Indian markets. Gold has slipped below the Rs 49,000 mark per kg. Experts are expecting that the precious metal would be placed at the Rs 48,000 per kg mark, for the upcoming week.
On the Multi Commodity Exchange of India, the gold futures declined to Rs 48,845 by 0.6 percent. The silver futures on the MCX declined to Rs 66,130 per kg, by 0.6 percent as well.
In global markets, gold prices fell to $1,845.30 an ounce, a decrease of 0.3 percent. Silver showed no change at $25.43 an ounce. The prices in global markets were impacted after reports of delays in the stimulus package from the US Treasury. The US Federal Reserve’s monetary policy is also awaited, which has led to a decrease in gold prices.
Prices of gold and silver in India:
Gold rates in India are at Rs 48,000 for 22-carat gold in 10 grams. 24 carat gold in 10 grams costs Rs 49,000. The gold prices declined by Rs 330 per 10 grams of gold.
National silver prices declined by Rs 300 per kg of silver. Silver prices are at Rs 66,200 per kg on Thursday. In Vishakapatnam, Coimbatore, Chennai, and Madurai, the silver prices were stated at Rs 70,800 per kg.
The prices for 10 grams of 24-carat gold rose to Rs 48,000 in Mumbai. The gold prices in Mumbai for 22-carat of gold increased to Rs 49,000 per 10 gram.
In Bhubaneshwar, Vishakapatnam, Mysore, Hyderabad, Kerela, and Mangalore, the price for 10 grams of 22-carat gold is Rs 45,750. The price of 24-carat gold for 10 grams was Rs 49,900.
In Jaipur and Lucknow, the rate for 22 carats of gold is Rs 47,900 for 10 grams. The rate for 10 grams of 24 carats in the cities of gold is Rs 52,250.
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