Gold prices witnessed their biggest decline in April amid easing worries of an escalation in the ongoing Middle East crisisKanpur Stock. 100 grams of 22k gold price fell by Rs 14000 in India today to Rs 6,61,500 while 100 grams of 24k yellow metal prices dipped by Rs 15300 on April 23 in the country to Rs 7,21,600. On the other hand, 10 grams of 22 carat gold price witnessed a decline of Rs 1400 and 10 grams of 24 carat yellow metal prices registered a fall by Rs 1530 on Tuesday.
It is worth mentioning here that gold prices have been falling in India for last 3-consecutive days. 22k of 10 grams yellow metal prices slipped by Rs 500 on April 22, and fell by Rs 100 on April 20. Prices remained stable on Sunday i.e. April 21, 2024. Similarly, 24 carat of 10 grams gold prices fell by Rs 550 on April 22, remained stable on April 21, and slipped by Rs 100 on April 21.
The price of 10 grams of 18 carat gold in India today is Rs 54,120 after the decline by Rs 1150 and price of 100 grams of 18 carat yellow metal is Rs 5,41,200 after falling by Rs 11,500.
Today’s decline in gold prices is the biggest single day fall in the month of April. Meanwhile, silver prices too dived sharply in India. Silver prices today declined by Rs 2500 for 1 kg and Rs 250 for 100 grams.Guoabong Wealth Management
According to Reuters, “gold prices fell on Tuesday to their lowest levels in more than two weeks on easing concerns of an escalation in the Middle East crisis, and as investors booked profits while awaiting key U.SKolkata Investment. data for fresh clues on the Federal Reserve’s rate trajectory.”
Spot gold was down nearly 1% at $2,304.99 per ounce, as of 0336 GMT. U.S. gold futures fell 1.2% to $2,318.80.Kolkata Stocks
The Reuters report added, “Gold has been the recipient of different types of buying flows in recent months, and now one of those flows has slightly dried up with safe-haven demand receding,” said Tim Waterer, chief market analyst, KCM Trade. Gold dipped more than 2% in the previous session, marking its biggest intraday fall in more than a year, as fears of a wider regional conflict eased after Iran said it had no plan to retaliate following an apparent Israeli drone attack. “Investors are seeing this as an opportunity to lock in some profits after gold’s recent run of good form,” Waterer said.
Gold Price Chennai: Price of 10 grams of 22 carat of gold price Chennai today is Rs 67,000 and cost of 10 grams of 24 carat gold is Rs 73,100.
Yellow Metal Price Mumbai: Price of 10 grams of 22 carat gold in Mumbai on April 23 is Rs 66,150 and cost of 10 grams of 24 carat yellow metal is Rs 72,160.
Precious Metal Price Delhi: Price of 10 grams of 22 carat yellow metal in Delhi on April 23 is Rs 66,300 and cost of 10 grams of 24 carat gold is Rs 72,310.
Gold Price Kolkata: Price of 10 grams of 22 carat of yellow metal in Kolkata on April 23, 2024 is Rs 66,150 and cost of 24 carat of 10 grams gold is Rs 72,160.
Surat Wealth Management