
Initial Trading Sees Drop in Precious Metals:
After a one-day rally, gold and silver prices have slipped in early trading today. On the MCX, silver fell by ₹2,500 while gold declined by ₹1,000 per 10 grams.
Silver Prices:
The May 5 delivery silver contract closed at ₹2,63,018 per kg in the previous session and opened today at ₹2,61,361. During early trading, prices ranged between ₹2,60,128 and ₹2,61,924 per kg. At 9:30 AM, silver was trading at ₹2,60,369 per kg, down ₹2,649 (1.01%).
Gold Prices:
The April 2 delivery gold contract closed at ₹1,58,755 per 10 grams in the last session and opened today at ₹1,58,000. Early trading saw prices fluctuate between ₹1,57,701 and ₹1,58,173 per 10 grams. At 9:36 AM, gold was trading at ₹1,57,858 per 10 grams, down ₹897 (0.57%).
International Market Trends:
Global markets also saw a decline in precious metals. Spot gold fell 0.4% to $5,058.64 per ounce, after a more than 1% rise in the previous session. Spot silver dropped 1.4% to $82.87 per ounce, following a 4% gain earlier.
City-wise Gold Rates (22K & 24K):
- Delhi: Standard Gold (22K) ₹1,17,168 per 8g | Pure Gold (24K) ₹1,27,808 per 8g
- Mumbai: Standard Gold (22K) ₹1,17,048 per 8g | Pure Gold (24K) ₹1,27,688 per 8g
- Chennai: Standard Gold (22K) ₹1,18,328 per 8g | Pure Gold (24K) ₹1,29,088 per 8g
- Hyderabad: Standard Gold (22K) ₹1,17,048 per 8g | Pure Gold (24K) ₹1,27,688 per 8g
Investors and traders are advised to monitor MCX movements and global trends closely, as early session volatility continues in precious metals.
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