Gold prices in India witnessed a consecutive decline for the second consecutive day, plunging by Rs 1,450 to reach Rs 72,200 per 10 grams in Delhi’s local market. This downturn was attributed to profit-taking activities by traders coupled with weak global trends. Alongside, silver prices also witnessed a notable drop, falling by Rs 2,300 per kilogram.
The decline in gold prices was influenced by several factors, including the easing of tensions in the Middle East and indications suggesting that the US Federal Reserve would maintain higher interest rates for an extended period, thereby dampening demand.
On April 24, the price for 10 grams of gold hovered around Rs 73,000, with pure gold (24-carat) trading at Rs 72,150 per 10 grams, while 22-carat gold was priced approximately at Rs 66,140.
In parallel, the silver market followed suit with a downward trajectory, with prices reaching Rs 82,900 per kilogram.
For those keen on tracking gold rates, the retail gold prices for April 24 are as follows:
Gold Rate Today In Mumbai 22 Carat
