Gold Price Today: Gold Price Dropped by ₹200 to ₹63,050 Per 10 Grams

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Gold Price Today: After the New Year, the price of gold has been changing a lot. On December 28, 2023, gold reached the highest price ever at ₹64,250. But today, on January 8, 2024, the price has dropped by ₹200 to ₹63,050 per 10 grams in many big cities in the country.

Current Gold Rates in Major Cities (22 Karat)

Delhi Gold Rates

  • Current Rate: ₹57,950
  • Previous Rate (05 January): ₹58,150
  • Change: – ₹200

Mumbai Gold Rates

  • Current Rate: ₹57,800
  • Previous Rate (05 January): ₹58,000
  • Change: – ₹200

Chennai Gold Rates

  • Current Rate: ₹58,300
  • Previous Rate (05 January): ₹58,500
  • Change: – ₹200

Silver Market Analysis

Silver prices in Delhi and Mumbai dropped by ₹200 to ₹76,400 per kilogram on Monday. This decrease followed a significant reduction of ₹2,000 per kilogram on Thursday, bringing the silver rate to ₹78,600. Chennai currently has the highest silver rates in the country, at ₹77,800 per kilogram.

Global Market Insights

Gold and silver prices are going down worldwide. On Monday, gold is being sold for $2036.35 per ounce on the COMEX, which is $13.15 less than before. At the same time, silver is being sold for $23.15 per ounce, showing a drop in value to the level of $2000 per kilogram.

Recommendations for Buyers

If you’re thinking about buying gold or silver, it’s important to think about how pure the metal is. Gold that is 24 karat is 100% pure, but if it’s 22 karat, it has some other metals like silver or copper in it, so it’s only 91.67% pure gold.

Conclusion

The gold and silver market is going through noticeable changes right now. It’s important for people who want to buy these precious metals to keep up with these changes. As we go through the ups and downs of the market, it’s crucial to stay informed about the latest trends and make smart choices.

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