Gold Prices Decline on Bakra Eid 2024

Gold Prices Decline on Bakra Eid 2024

Today, on the occasion of Bakra Eid 2024, gold prices in India declined. This was largely influenced by lower US gold prices, which in turn were affected by higher US Treasury yields and anticipation regarding Federal Reserve actions on interest rates.

22k Gold Prices in India

• 22k gold prices today declined by Rs 200 to Rs 66,300/10 grams.
• 100 grams of 22-carat gold slipped by Rs 2000 to Rs 6,63,000.

24k Gold Prices in India

• Today, 24k yellow metal prices in India are quoted at Rs 72,330/10 grams.
• Today, the price of 100 grams of 24-carat gold fell by Rs 2200 to Rs 7,23,300 in the country.

18k Gold Prices in India

• Today, 18k yellow metal prices in India retail at Rs 54,240/10 grams.
• 100 grams of 18-carat precious metal prices in India today fell by Rs 1700 to Rs 5,42,400.

International Market Updates

Spot gold declined 0.3% to $2,326.78 per ounce, with US gold futures slipping 0.3% to $2,341.70. Spot silver also fell 0.3% to $29.46 per ounce. These international market trends significantly impact Indian gold and silver prices, reflecting the global demand and supply dynamics. According to Reuters, platinum remained unchanged at $957.57, and palladium surged 0.5% to $894.37 per ounce.

Silver Prices in India

Silver prices in India today remained steady, with 1kg silver priced at Rs 91,000 and 100 grams at Rs 9,100. This stability in silver prices provides a sense of predictability in the market, which can be reassuring for investors and traders.

Recent Price Movements

• Gold: Over the last 10 days, gold prices in India saw fluctuations:
  • Today: Declined by Rs 200
  • June 16: Remained stable
  • June 15: Increased by Rs 600
  • June 14: Declined by Rs 250
  • June 13: Stayed steady
  • June 12: Rose by Rs 300
  • June 11: Rose by Rs 150
  • June 10: Stayed steady
  • June 8: Declined sharply by Rs 1900
  • June 7: Soared by Rs 300
• Silver: Recent movements in silver prices in India:
  • Today: Remained steady
  • June 16: Unchanged
  • June 15: Increased by Rs 500
  • June 14: Declined by Rs 200
  • June 13: Slipped by Rs 600
  • June 12: Rose by Rs 800
  • June 11: Fell sharply by Rs 1200
  • June 10: Increased by Rs 200
  • June 8: Dived by Rs 4500
  • June 7: Rallied by Rs 2500

Gold Prices in Major Indian Cities (June 17, 2024)

• Chennai: Rs 6,690/gram (22-carat gold)
• Mumbai: Rs 6,630/gram (22-carat gold)
• Delhi: Rs 6,645/gram (22-carat gold)
• Kolkata: Rs 6,630/gram (22-carat gold)
• Kerala: Rs 6,630/gram (22-carat gold)
• Bangalore: Rs 6,630/gram (22-carat gold)