- Gold and silver prices fell in India on Feb 13 following global market declines
- Silver rose Rs 25,000 to Rs 2.63 lakh per kg on Feb 12, gold fell Rs 7,000 to Rs 1.52 lakh
- On MCX, April gold contract dropped 4%, silver futures fell nearly 10% for March delivery
Prices of precious metals fell in India on Friday, Feb. 13, following decline in international markets. The price of silver rose by Rs 25,000 to Rs 2.63 lakh per kg on Thursday, while gold fell Rs 7,000 to Rs 1.52 lakh per 10 grams, according to the India Bullions website.
In the international markets, gold steadied after a sharp decline sparked by a wider selloff across financial markets. Spot gold edged up 0.1% to $4,926.79 an ounce in Singapore. Silver climbed 0.6% to $75.72.
On the Multi Commodity Exchange (MCX), gold April contract fell 4% to Rs 1,52,300 per 10 grams, compared with Thursday's close of Rs 158,755 per 10 grams. Silver futures for March was down nearly 10% at Rs 2,37,136 per kilogram.
Gold Price Today
In Mumbai, the country's financial hub, 24‑carat gold has fallen to Rs 152,300 per 10 grams. Kolkata is seeing a similar trend, with prices at Rs 152,100. Both cities are marginally above the rate in the national capital, Delhi, where 24‑carat gold is priced at Rs 152,040.
Southern markets continue to record the highest rates. Chennai leads the metros with a peak price of Rs 152,740, followed by Hyderabad at Rs 152,540 and Bengaluru at Rs 152,420, maintaining a noticeable premium over the northern markets.
Silver Price Today
Silver prices are also showing big decline across major hubs. In Mumbai, silver is trading at Rs 237,670 per kg, while Delhi's rate stands at Rs 237,260. Chennai and Hyderabad are witnessing prices of around Rs 238,360 and Rs 238,050 per kg, respectively. In Bengaluru, the rate is Rs 237,860.
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