Silver prices fell sharply while gold declined amid a bearish sentiment in the domestic market at the close of market on Thursday. The gold rate in India at the close of Thursday was Rs 1,49,740 per 10 gms while the silver rate in India was Rs 2,33,320 per 1 kg, according the Bullions website.
In the international market, spot silver plummeted by $5.49, or 7.32%, to $69.57 per ounce, while gold declined $166.79, or 3.51%, to $4,591.52 per ounce.
It should be noted that the global commodities markets are closed on Friday on the account of Good Friday.
Gold Price Today
In Mumbai, the financial heart of the country, 24-carat gold is retailing at approximately Rs 1,49,470 per 10 grams. Kolkata follows a similar trend, with its gold rate reported at Rs 1,49,270. Both cities are ahead of the national capital, Delhi, where the 24-carat rate currently stands at Rs 1,49,210.
The southern markets continue to record the highest figures in the country. Chennai leads the metros with a peak rate of Rs 1,49,910 while Hyderabad and Bengaluru follow closely at Rs 1,49,710 and Rs 1,49,590 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: Mumbai is the epicenter of this price rally. The current silver rate in Mumbai is Rs 2,32,900 per kg. In the national capital, Delhi, silver is keeping pace with Mumbai, currently priced at Rs 2,32,500 per kg.
Chennai and Hyderabad are seeing silver trade at approximately Rs 2,33,580 and Rs 2,33,270 per kg, respectively. Bengaluru follows closely, with rates hovering around Rs 2,33,080 per kg. Silver rates in Kolkata are currently trading at roughly Rs 2,32,590.
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Gold Rates City-Wise
The following rates are as per 10 grams of gold.
Mumbai: Rs 1,49,470
Delhi: Rs 1,49,210
Bengaluru: Rs 1,49,590
Chennai: Rs 1,49,910
Hyderabad: Rs 1,49,710
Kolkata: Rs 1,49,270
Silver Rates City-Wise
The following rates are as per 1 kg
Mumbai: Rs 2,32,900
Delhi: Rs 2,32,500
Bengaluru: Rs 2,33,080
Chennai: Rs 2,33,580
Hyderabad: Rs 2,33,270
Kolkata: Rs 2,32,590
The government on Thursday has imposed import curbs on all forms of articles of gold, silver and platinum, a move aimed at checking misuse of free trade agreements (FTAs). These restrictions will apply irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment, the Directorate General of Foreign Trade (DGFT) said in a notification.
On April 1, the government announced curbs on imports of gold, platinum and silver jewellery. With this, now there are restrictions on all gold, silver and platinum jewellery imports.
ALSO READ: Gold, Silver Crack On Negative Global Cues: Will Yellow Metal Prices Plunge Below Rs 1.4 Lakh?
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