Gold Rate Today in India: Gold prices continue to weaken as rising crude oil prices stoked inflation fears and raised bets for another interest rate hike by the US Federal Reserve by the end of this year.
On Thursday, Oct. 22, Gold closed at Rs 1,43,309 per 10 grams on the Multi Commodity Exchange, declining around 1.9% in a single session. During the week so far, the yellow metal has declined around 3.12%.
Silver tanked below the Rs 2,00,000 level on Thursday, settling at Rs 1,99,599 per kg on the MCX, losing around 4.6% in the previous session, and declining more than 5.5%.
Meanwhile, 24K gold prices stood at Rs 1,43,630 per 10 gm, while Silver was at Rs 2,00,380 per kg on Friday. The 22K gold stood at Rs 1,31,661 per 10 gm, while 925 sterling silver was at Rs 1,85,352 per kg, as per Bullion.co.in.
In the international market, Comex gold prices were down around 0.6% to $4,037.6 per ounce, while Comex silver was trading at $54.6 per ounce, after declining 0.74% as of 00:29 GMT, in the Oct. 23 session.
City-Wise Gold Rates
Here are 24K gold prices in major cities based on the latest data:
Mumbai: Rs 1,43,370 per 10gm
Delhi: Rs 1,43,130 per 10gm
Chennai: Rs 1,43,790 per 10gm
Kolkata: Rs 1,43,180 per 10gm
Bengaluru: Rs 1,43,490 per 10gm
Hyderabad: Rs 1,43,600 per 10gm
In Mumbai, 22K gold was at Rs 1,31,423; Delhi at Rs 1,31,203; Chennai at Rs 1,31,808; Kolkata at Rs 1,31,248; Bengaluru at Rs 1,31,533; and Hyderabad at Rs 1,31,633 per 10gm.
City-Wise Silver Rates
Here are Silver 999 Fine prices in major metro cities based on the latest data:
Mumbai: Rs 2,00,010 per kg
Delhi: Rs 1,99,670 per kg
Chennai: Rs 2,00,600 per kg
Kolkata: Rs1,99,750 per kg
Bengaluru: Rs 2,00,170 per kg
Hyderabad: Rs 2,00,330 per kg
Also Read: From Reserve Asset To Digital Token? Why Gold Is Back At The Centre Of The Global Currency Debate
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