Gold and silver prices today: Check latest rates in your city on October 12

Gold and silver prices today, October 12: In Delhi, the price of 22k gold stood at ₹46,800 per 10 grammes, and 24k gold was priced at ₹51,050 per 10 grammes.

Published on: Oct 12, 2022, 10:39:59 IST

By HT News Desk, New Delhi

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Gold prices in India dipped by up to ₹27 per gramme on Wednesday, a day after the rates witnessed a decline of ₹70 per gramme from the previous day. According to Goodreturns, a website which tracks the daily prices of gold and silver, a gramme of 22 carat (K) gold costs ₹4,665, down from ₹4,690 a day ago. Meanwhile, an equal quantity of 24k gold is available at ₹5,089, as against ₹5,116 on Tuesday.

In Delhi, 10 grammes each of 22k and 24k of the metal are priced at ₹46,800 and ₹51,050 respectively. The corresponding rates in other metros are: ₹46,700 and ₹50,950 (Bengaluru), ₹47,390 and ₹51,700 (Chennai), and ₹46,650 and ₹50,890 (Hyderabad, Kolkata and Mumbai).

In India, gold becomes more expensive if the rupee slides against the US dollar. Its cost also depends on factors such as volatile policies, economic growth etc.

Today's silver prices in India

On the other hand, silver, too, is slightly less expensive on Wednesday, its price sliding by 40 paise per gramme. Therefore, in Delhi, Kolkata and Mumbai, 10 gramme of the metal cost ₹585 in Delhi, Kolkata and Mumbai, and ₹640 in Bengaluru, Chennai and Hyderabad.

Silver rates in India are in tune with those of gold. If the gold prices go up, silver will follow suit. However, silver is always cheaper than gold.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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