Gold price drops for 22 carat and 24 carat, Silver decreases by Rs 15,000 today
On Friday, the gold rate has dropped for 24 carats and 22 carats with prices at Rs 1,70,620 and Rs 1,56,400 per 10 grams, respectively.
Bhubaneswar: Gold prices is rising at an alarming rate over the past months in India. The cost of gold is expected to cross Rs 2 Lakh per 10 grams mark in the country soon.
On Friday, the gold rate has dropped for 24 carats and 22 carats with prices at Rs 1,70,620 and Rs 1,56,400 per 10 grams, respectively.
Yesterday, gold price in India reached a lifetime high of Rs 1.8 Lakh per 10 grams, while Silver breached the record Rs 4 lakh per kilogram mark in the country.
The silver price in India has witnessed a significant drop of Rs 15,000 per 1 Kilograms over the last 24 hours. The prices of the silver is recorded at Rs 3,95,000 per 1 kilogram.
In Bhubaneswar, the price of gold is recorded at Rs 1,70,620 and Rs 1,56,400 for 24 carat and 22 carat per 10 grams, respectively. The gold rate has decreased by Rs 8,230, and Rs 7,550 for 24 carat and 22 carat per 10 grams, respectively.
The gold price witnessed no changes across major cities of India.
| City | 24 carat | 22 carat |
| Delhi | 1,70,770 | 1,56,550 |
| Mumbai | 1,70,620 | 1,56,400 |
| Chennai | 1,76,730 | 1,62,000 |
| Kolkata | 1,70,620 | 1,56,400 |
| Hyderabad | 1,70,620 | 1,56,400 |
| Bangalore | 1,70,620 | 1,56,400 |
| Jaipur | 1,70,770 | 1,56,550 |
The surge in gold rate was followed by price rise in the international market that recorded gold over $5,600 an ounce and silver $120 an ounce.
The yellow metal for February delivery soared Rs 14,586, or 8.8 per cent, to touch a new peak of Rs 1,80,501 per 10 grams on the MCX.
