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News Topical, Digital Desk : Gold prices fell sharply on Friday (January 30). Silver for March delivery fell nearly 17% on the Multi Commodity Exchange (MCX), dropping ₹67,891 to ₹332,002 per kg. This is considered the biggest single-day decline in recent months. Meanwhile, gold for February delivery fell 9%, losing ₹15,246 to close at ₹154,157 per 10 grams.
Experts believe that weakness in international markets, a strengthening dollar, and profit-booking after recent sharp gains are the main reasons for this decline. They also say that such declines are common after a sharp rise in market prices.
24 Carat Gold Rate in India Today (Per Gram)
| Gram | Today's Rate (₹) | Yesterday's Price (₹) | Change (₹) |
|---|---|---|---|
| 1 gram | ₹16,919 | ₹16,920 | - ₹1 |
| 8 grams | ₹1,35,352 | ₹1,35,360 | - ₹8 |
| 10 grams | ₹1,69,190 | ₹1,69,200 | - ₹10 |
| 100 grams | ₹16,91,900 | ₹16,92,000 | - ₹100 |
22 carat gold price per gram in India today)
| Gram | Today's price | yesterday's price | shift |
|---|---|---|---|
| 1 gram | ₹15,509 | ₹15,510 | ₹1 drop |
| 8 grams | ₹1,24,072 | ₹1,24,080 | ₹8 drop |
| 10 grams | ₹1,55,090 | ₹1,55,100 | ₹10 drop |
| 100 grams | ₹15,50,900 | ₹15,51,000 | ₹100 drop |
How much relief was received in which areas?
Gold prices have seen significant reductions in major cities across the country. In cities like Delhi, Mumbai, Kolkata, Bengaluru, and Chennai, gold prices have fallen by ₹900 to ₹1,000 per gram. This has certainly provided some relief to those shopping for weddings. However, experts believe that gold prices may continue to fluctuate. Therefore, investors and buyers are advised to monitor the market rather than rush into decisions.
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