Gold price declines ₹500, silver slumps ₹1: Check latest prices

Last month, the 22k gold achieved the highest rate of ₹53,600 on February 2, while 24k of gold was priced at ₹58,470 on the same day.

Published on: Mar 21, 2023, 09:03:34 IST

By HT News Desk | Written by Shobhit Gupta

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Gold prices in India witnessed a decline of ₹50 with a gram of 22 carat gold costing ₹5,480 compared to ₹5,530 on Monday, according to figures by Goodreturns. Prices of eight grams and 10 grams of 22 carat gold have also declined ₹400 and ₹500, now costing at ₹43,840 and ₹54,800 repectively.

One gram of 24k gold is priced at ₹5,978. (HT File Photo)

The price of 24 carat gold also slumped on Tuesday. One gram of 24k gold is priced at ₹5,978 while eight grams and 10 grams are priced at ₹47,824 and ₹59,780 respectively. The price of 100 grams of 24-carat gold is ₹5,97,800.

The prices of one gram, eight grams, 10 grams and 100 grams of 24-carat gold have declined by ₹54, ₹432, ₹540, and ₹5,400 respectively from Monday, according to Goodreturns.

Meanwhile, the prices of silver also saw a marginal decline On Tuesday. A gram of silver is priced at ₹72 compared to ₹72.10 on Monday. Similarly, eight grams of silver is priced at ₹576, with a decrease of ₹0.80. The price of 10 grams of silver is available at ₹720 while one kg of silver will cost ₹72,000, with a slump of ₹100 from yesterday' price, Goodreturns said.

Here are the gold and silver prices of top Indian cities on Tuesday:

CITY	GOLD 22 CARAT (Rs/ 10 GRAM)	SILVER (Rs/10 GRAM)
DELHI	54,950	720
MUMBAI	54,800	720
KOLKATA	54,800	720
CHENNAI	55,800	746
BENGALURU	54,850	746

Gold prices in India are sourced from some of the reputed jewellers and it dependent on the markets. The prices are determined by a range of factors including volatile policies, slowing economic growth and the strength of the Rupee against US dollar.

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HT News Desk
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