Prices of precious metals remained steady in India amid the ongoing wedding season. Both the price of silver and gold were down Rs 1,000 at Rs 2.53 lakh per kg and Rs 1.57 lakh per 10 grams on Wednesday, according to the India Bullions website.
In the international markets, gold rose modestly — consolidating gains above $5,000 an ounce — after weak retail sales in the US supported the case for the Federal Reserve to cut interest rates. Spot gold rose 0.3% to $5,038.66 an ounce as of 8:21 a.m. in Singapore. Silver climbed 0.6% to $81.3066.
On the Multi Commodity Exchange (MCX), gold April contract was down 0.2% at Rs 1,56,539 per 10 grams, compared with Tuesday's close of Rs 1,56,803 per 10 grams. Silver futures for March was flat at Rs 2,52,300 per kilogram.
Gold Price Today
In Mumbai, the financial heart of the country, 24-carat gold is retailing at Rs 156,510 per 10 grams. Kolkata follows a similar trend, with its gold rate reported at Rs 156,310. Both cities are ahead of the national capital, Delhi, where the 24-carat rate currently stands at Rs 156,250.
The southern markets continue to record the highest figures in the country. Chennai leads the metros with a peak rate of Rs 156,970, while Hyderabad and Bengaluru follow closely at Rs 156,760 and Rs 156,640 respectively, keeping the price gap between the southern hubs and the northern capital distinct.
Silver Price Today
Here is how the silver rates are unfolding across major Indian hubs today: In Mumbai, prices are steady at Rs 252,830 per kg. In the national capital too, the silver rate is Rs 252,390.
Chennai and Hyderabad are seeing silver trade at approximately Rs 253,560 and Rs 253,230 per kg, respectively.
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