Prices Tumble by Rs 10 per 10 gram of 22-ct Gold

Gold prices struggled to edge higher in Indian markets on Monday, April 26 bringing cheer to buyers as the wedding season in the country starts amid the second wave of coronavirus infections. According to Good Returns, for one gram of 22-carat gold, the rate fell by Rs 1 as the cost stood at Rs 4,493 compared to Rs 4,494 on the previous day. The price of 10 grams of 22-carat-gold fell by Rs 10 to stand at Rs 44,930 from the earlier rate of Rs 44,940 on the previous day. Similarly, the rate of 24-carat yellow metal fell by Rs 10 as the cost of 10 grams stood at Rs 45,930 compared to Rs 45,940 on the earlier day. The white precious metal – silver too witnessed a slump in its rates.

The cost of the precious metal varies in different cities following the national trend. Here is what you will have to pay today:

Delhi: For 10 grams of 22-carat gold in the national capital, the rate is Rs 46,230. While for 24-carat gold of the same quantity, the cost is Rs 50,450.

Chennai: The rate for 10 grams of 22-carat gold in Chennai stood at Rs 44,750, while for 24-carat, the price is Rs 48,820 per 10 grams.

Kolkata: For 10 grams of 22-carat yellow metal in Kolkata, the cost is Rs 47,420, while for 10 grams of 24-carat gold it is Rs 49,690.

Mumbai: In the western metropolis for 10 grams of 22-carat gold is Rs 44,930, while for 24-carat of the same quantity the rate is Rs 45,930

International Price of Gold: In the international markets gold rates inched higher as spot gold was up by 0.1 percent, trading at USD 1,779.36 per ounce. U.S. gold futures rose 0.1 percent to USD 1,780.10 per ounce.

Silver Prices: On Monday, silver rates traded at Rs 687 for 10 grams from Rs 688 on the previous day.

Silver Rates in Metro Cities: The price of the white metal stood at Rs 68,700 in Delhi, Mumbai and Kolkata for one kilogram. While in Chennai and Hyderabad it is priced at Rs 74,000 per kilogram – Rs 5,300 higher compared to other three metro cities.

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With inputs from News18