The price of gold dropped on Sunday, with the cost of 1 gram of 22 carat gold declining to ₹5,595 from yesterday’s ₹5,665, as per the figures released by Goodreturns.
Accordingly, the price of 8 grams of 22 carat gold also decreased to ₹44,760 from the previous figure of ₹45,320, marking a price difference of ₹560, while 10 grams of 22 carat gold is available at ₹55,950 .
The price of 24 carat gold also witnessed a decline on Sunday. One gram of 24-carat gold is priced at ₹6,104 while eight grams and 10 grams are priced at ₹48,832 and ₹61,040 respectively. The price of 100 grams of 24-carat gold is ₹6,10,400.
Meanwhile, silver prices in India also recorded a marginal drop on Sunday. A gram of silver is now costing at ₹78.50 compared to ₹79.60 on Saturday. Similarly, price of eight grams of silver stood at ₹628, with a decrease of ₹8.80. 10 grams of silver is available at ₹785 while one kg of silver will cost ₹78,500, with a drop of ₹1,100 from yesterday’ price, Goodreturns said.
CITY GOLD 22 CARAT (Rs/10 GRAM) SILVER (Rs/10 GRAM)
DELHI 56,100 785
MUMBAI 55,950 785
KOLKATA 55,950 785
CHENNAI 56,500 815
BENGALURU 56,000 815
In India, the gold prices are sourced from reputed jewellers and are based on factors including global demand, currency, interest rates and government policies. It is also dependent on international factors like global economic growth, dollar strength against other currencies etc.