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

By | Written by Shobhit Gupta
Mar 23, 2023 07:45 AM IST

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.

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 <span class='webrupee'>₹</span>5,913.(Representative image/ Istock)
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.

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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:

CITYGOLD 22 CARAT (Rs/10 GRAM)SILVER (Rs/10 GRAM)
DELHI54,350716
MUMBAI54,200716
KOLKATA54,200716
CHENNAI54,700740
BENGALURU54,250740

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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