Across major cities, 24-carat gold was priced at Rs 1,39,240 per 10 grams in Mumbai and Kolkata, while Chennai recorded a higher rate of Rs 1,42,030. In Delhi, the precious metal was selling at Rs 1,39,390 per 10 grams
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Gold prices edged lower in early trade on Tuesday, with the rate of 24-carat gold declining by Rs 10 to Rs 1,39,240 per 10 grams, according to market sources. Silver prices also softened, falling by Rs 100 to Rs 2,57,900 per kilogram.
The price of 22-carat gold slipped by Rs 10 as well, with 10 grams trading at Rs 1,27,640.
Across major cities, 24-carat gold was priced at Rs 1,39,240 per 10 grams in Mumbai and Kolkata, while Chennai recorded a higher rate of Rs 1,42,030. In Delhi, the precious metal was selling at Rs 1,39,390 per 10 grams.
For 22-carat gold, prices in Mumbai, Kolkata, Bengaluru and Hyderabad stood at Rs 1,27,640 per 10 grams, while Chennai reported a higher price of Rs 1,30,190. In the national capital, 22-carat gold was trading at Rs 1,27,790 per 10 grams.
Silver prices remained uniform at Rs 2,57,900 per kilogram in Delhi, Kolkata and Mumbai, while Chennai continued to quote a premium, with silver priced at Rs 2,80,900 per kilogram.
Silver surges Rs 3,650 to hit record Rs 2.4 lakh per kg in Delhi markets
Meanwhile, silver prices extended the record-setting rally for the fifth straight day on Monday, jumping Rs 3,650 to Rs 2,40,000 per kg in the national capital due to persistent buying by traders, according to the All India Sarafa Association.
The white precious metal had closed at Rs 2,36,350 per kilogram on Friday.
So far this year, silver prices have delivered remarkable returns, surging 167.55 per cent, or Rs 1,50,300, from Rs 89,700 per kg recorded on December 31, 2024.
Meanwhile, gold of 99.9 per cent purity retreated from its record levels by declining Rs 500 to Rs 1,41,800 per 10 grams (inclusive of all taxes). It had climbed Rs 1,500 to hit a fresh record of Rs 1,42,300 per 10 grams in the previous market session.
In the overseas markets, spot gold was trading lower by USD 69.67, or 1.54 per cent, at USD 4,462.96 per ounce.
Spot silver retreated from lifetime highs to trade lower by USD 4.06, or 5.13 per cent, to USD 75.09 per ounce, pressured by profit-taking after an end-of-year rally that notched a fresh record of USD 83.97 per ounce.
(With inputs from Agencies)
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