Chandigarh, January 15, 2025 (Punjab Khabarnama Bureau): Good news for gold and silver buyers. Amid weak global trends, on Tuesday (January 14), gold and silver prices dropped in the Indian jewelry market. After a 5-day increase, the price of 10 grams of gold decreased to ₹80,580. The price of 1 kg of silver also dropped and is now selling for ₹93,000.
On Tuesday, gold prices in Delhi’s jewelry market fell by ₹80, settling at ₹80,580 per 10 grams. On Monday, the price was ₹80,660 per 10 grams. Gold with 99.5% purity dropped by ₹80 and is now priced at ₹80,180 per 10 grams, down from ₹80,260.
What is the price of silver? On Tuesday, silver dropped sharply by ₹1,300 to ₹91,700 per kilogram. In the previous session, silver closed at ₹93,000 per kilogram.
Experts’ Opinion Jatin Trivedi, VP Research Analyst (Commodity and Currency) at LKP Securities, stated, “Gold is trading within a limited range as MCX gold is fluctuating between ₹78,150-78,400. On the other hand, Comex gold showed slight weakness and is at around $2,665.”
Soumil Gandhi, Senior Analyst-Commodity at HDFC Securities, said, “Gold prices dropped on Tuesday due to a rise in U.S. bond yields and the U.S. dollar.”
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Summary: Gold prices have been dropping for the last five days. As a result, the price of 10 grams of gold has decreased. Foreign markets and economic conditions could affect this.