Gold and silver prices fell sharply on Friday. The fall in gold and silver prices in the global market also had an impact on the Indian market. On the MCX, February futures fell by 4 per cent, or Rs 2,050, to Rs 48,818 per 10 grams. Silver also fell sharply by Rs 6,100, or 8.8 per cent, to Rs 63,850 per kg.
The drop in gold futures on MCX India was inline with a slump in international gold prices, down nearly 4% at $1,833.83 per ounce with a spike in US Treasury yields and a strong dollar which dampened the appeal of the safe-haven metal.
Gold prices for physical buying in India on Saturday in Delhi, Mumbai, Bengaluru were as follows: What were the new rates for 22 carat gold (per 10 gm)?Delhi - Rs 49,650Mumbai - Rs 49,820Kolkata - Rs.50,190Chennai - Rs 47,920Bangalore - Rs 47,500
What were the new rates for 24 carat gold(per 10 gm)?Delhi - Rs 54,160Mumbai - Rs 50,820Kolkata - Rs 52,890Chennai - Rs 52,270Bangalore - Rs 51,800