As investors anticipated additional information on the interest rate trajectory from U.S. economic data and remarks from Federal Reserve officials, gold prices in India plummeted sharply on Tuesday, November 12.
Later this week, the market will focus on retail sales, industrial production, the October Consumer Price Index data, and the Producer Price Index.
Furthermore, this week’s scheduled speeches by U.S. central bank officials, particularly Chair Jerome Powell, are expected to maintain the volatility of gold prices.
24ct gold price today
India’s Gold Price In India, 24-karat gold currently costs Rs 7,729 per gramme, whereas 22-karat gold costs Rs 7,085 per gramme. In India, 10 grams of gold worth Rs 72,200 hence 1 gram gold rate in India today worth Rs 72,20 on Monday are now worth Rs 70,850, a decrease of Rs 1,350. In India, the price of 22k of 100 kilos of gold fell from Rs 7,22,000 yesterday to Rs 7,08,500 today, a decrease of Rs 13,500.
Silver Price In India Today
In India silver price today is Rs 91 per gramme and Rs 91,000 per kilogramme in India. In India, the price of 10 grams of silver was Rs 910 today, 100 grams is Rs 9,100, and 1 kg of silver is now Rs 91,000, down Rs 2000 from yesterday’s price of Rs 93,000.
“On the global exchanges, the price of gold and silver is slightly rising today. Given that the dollar reached its highest level in a year and that markets anticipate further gains associated with Trump’s trade tariffs and strong US economic growth, we anticipate that gold and silver prices will trade range-bound to slightly lower for the day,” Nirmal Bang Securities’ technical research analysts stated.
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