Gold Falls ₹931 Per 10 Grams in a Week, Silver Jumps Nearly ₹4,900

Gold and silver experienced mixed market trends this week. Prices of gold are down by ₹931 for 10 grams, and prices of silver are up by around ₹4,887 per kg.

According to the India Bullion Jewelers Association (IBJA), the price of 24-carat gold has fallen to ₹1,31,779 per 10 grams, down from ₹1,32,710 per 10 grams on the same day last week. This indicates a decline of ₹931 per 10 grams in gold prices over the past week.

Prices of 22-carat gold are now at ₹1,20,710 for 10 grams, which is lower than last time’s price of ₹1,21,562. Prices of 18-carat gold are now at ₹98,834 for 10 grams, lower than the last time’s price.

Silver prices are also holding firm. The prices of silver have increased by ₹4,887 to a price of ₹2,00,067 per kg, compared to the previous price of ₹1,95,180 per kg. The international gold and silver prices are up this week.

The prices of gold and silver are currently at $4,387 per ounce and $67.489 per ounce, respectively. Currently, gold prices are down by ₹695 for 10 grams, while silver is down by ₹1,053 per kg.

Jatin Trivedi of LKP Securities said that gold traded in a narrow range during Friday's session. One reason for this was the rupee's strength against the dollar. The market's focus will be on US home sales data and other economic data in the coming days.

Gold prices are expected to remain in the range of ₹131,500 to ₹134,000 in the coming days. Currently, the rupee's value against the dollar plays a key role in domestic gold and silver prices. Therefore, the rupee's movement will play a key role in gold and silver prices in the future.