The price of gold surged by Rs 440, reaching Rs 64,200, while silver remained steady at Rs 80,500.

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The price of gold surged by Rs 440, reaching Rs 64,200, while silver remained steady at Rs 80,500.




During early trade on Monday, the price of 24-carat gold experienced a notable increase of Rs 440, with ten grams of this precious metal being traded at Rs 64,200, as reported by the GoodReturns website. In contrast, the price of silver remained unchanged, with one kilogram of the precious metal maintaining its value at Rs 80,500.

For 22-carat gold, the price saw a rise of Rs 400, reaching Rs 58,850, with ten grams of this variant being traded. In Mumbai, the price for ten grams of 24-carat gold aligned with rates in Kolkata and Hyderabad, standing at Rs 64,200.

In different metropolitan cities, the prices for ten grams of 24-carat gold were as follows:

Delhi: Rs 64,350
Bengaluru: Rs 64,200
Chennai: Rs 65,180
For 22-carat gold in Mumbai, the price for ten grams was consistent with rates in Kolkata and Hyderabad, at Rs 58,850. In other cities, the prices were as follows:

Delhi: Rs 59,000
Bengaluru: Rs 58,850
Chennai: Rs 59,750

In the international market, US gold prices observed an increase on Tuesday, attributed to a decline in the dollar and Treasury yields. Spot gold rose by 0.8% to $2,087.79 per ounce, rebounding from a previous drop of over $100, closing 2% lower after reaching an all-time high of $2,135.40. US gold futures for February delivery also rose nearly 1% to $2,107.60.

Spot silver experienced a 0.3% increase, reaching $25.49 per ounce, while palladium advanced by 0.8% to $1,008.40 per ounce. Platinum, however, edged down by 0.2% at $932.

In Delhi and Mumbai, one kilogram of silver is currently trading at Rs 80,500, while in Chennai, the price for one kilogram of silver is Rs 83,500.

Disclaimer: The content is core understanding of Gyaanleikh on this particular topic, it's just a review post of the topic and doesn't allow anyone to depend and do something based on the information. We don't take the responsibility for the same.

Gold price surge
24-carat gold price increase
Silver price stability
Precious metal market update
Regional gold price variations
GoodReturns website report
International gold prices
US Gold futures for February delivery
Dollar and Treasury yields impact on gold
Spot gold and silver prices
Fed Chair Jerome Powell's influence on gold market
Palladium and platinum market trends
Chennai silver prices
Precious metal trade in Delhi and Mumbai
Gold market confidence and interest rate cut expectations




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