Gold price declines ₹800, silver slumps ₹5: Check latest prices

Gold and silver 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 23, 2023, 07:45:44 IST

By HT News Desk | Written by Shobhit Gupta

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Gold prices in India witnessed a decline of ₹80 with a gram of 22 carat gold costing ₹5,420 compared to ₹5,500 on Wednesday, according to figures by Goodreturns. Prices of eight grams and 10 grams of 22 carat gold have also declined ₹640 and ₹800, now costing at ₹43,360 and ₹54,200 respectively.

The price of one gram of 24k gold stood at ₹5,913. (Representative image/ Istock)

The price of 24 carat gold also slumped on Thursday. The price of one gram of 24k gold stood at ₹5,913 while eight grams and 10 grams are priced at ₹47,304 and ₹59,130 respectively. The price of 100 grams of 24-carat gold is ₹5,91,300.

The prices of one gram, eight grams, 10 grams and 100 grams of 24-carat gold have declined by ₹87, ₹696, ₹870, and ₹8,700 respectively from Wednesday, according to Goodreturns.

Meanwhile, the prices of silver also witnessed a marginal drop on Thursday. A gram of silver is priced at ₹71.60 compared to ₹72 on Wednesday. Similarly, eight grams of silver is priced at ₹572.80, with a decrease of ₹4. The price of 10 grams of silver is available at ₹716 while one kg of silver will cost ₹71,600, with a slump of ₹500 from yesterday' price, Goodreturns said.

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

CITY	GOLD 22 CARAT (Rs/10 GRAM)	SILVER (Rs/10 GRAM)
DELHI	54,350	716
MUMBAI	54,200	716
KOLKATA	54,200	716
CHENNAI	54,700	740
BENGALURU	54,250	740

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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