Gold prices in India fell by Rs 340 to Rs 87,960 per 10 grams on Wednesday, mirroring weak global trends. However, silver prices rose by Rs 600 to Rs 97,200 per kg. Futures trading saw gold decline, while international markets also experienced a dip due to lowered expectations of interest rate cuts. The upcoming US Consumer Price Index data is expected to influence market trends.
Results for: Silver Prices
Gold prices in India hit a record high of Rs 85,800 per 10 grams on Tuesday, marking the fifth straight day of increase. Silver prices, however, fell. Global uncertainties and central bank activity are influencing the market.
Gold prices in India hit a record high of Rs 85,300 per 10 grams due to high demand, a weaker rupee, and global market trends. Silver also saw gains, reaching Rs 96,000 per kg. Experts predict further price fluctuations based on upcoming US economic data.
Gold prices in India reached Rs 82,420 per 10 grams on Feb. 3, a Rs 2,400 jump from last week. This near-record high comes despite no new gold-related changes in the 2025 budget. Global tensions and potential tariffs are contributing to the price surge. Silver prices also rose to Rs 93,550, driven by strong industrial demand.
India’s Economic Survey 2024-25 forecasts a decline in gold prices and a potential increase in silver prices for 2025. This prediction is part of a broader trend of decreasing commodity prices globally, influenced by oil prices and global market uncertainty. India, a major gold importer, will closely monitor these developments.
Gold prices in India hit a record high of Rs 83,750 per 10 grams on Wednesday due to strong demand. Global factors, including the US Federal Reserve’s interest rate decision and trade uncertainties, also contributed to the surge. Silver prices also rose, reflecting strong industrial demand.
Gold prices in India remain high, exceeding Rs 80,000 per 10 grams. Factors contributing to this include a weakening dollar, upcoming budget announcements, and high consumer demand. Silver prices are also rising due to strong industrial demand. Experts predict continued high prices.