The BRICS TimesGold-Silver Price Today: After a steady rise for two days, gold prices have finally seen a slight dip today. Silver rates followed suit, offering some much-needed relief to potential jewelry buyers.
Today’s Market Trend
Gold prices have softened slightly in the market today. This price drop comes as a relief to buyers after two consecutive days of hikes. Demand usually peaks during the New Year season, which recently pushed rates higher. In fact, the price for 100 grams of gold surged by ₹12,000 over the last two days.
Silver Performance
Similar to gold, silver prices also took a downward turn today. Despite this small dip, silver rates are still hovering near their record high levels. This consistent price hike in silver continues to put pressure on buyers in the bullion and jewelry sectors.
Latest Rates for 24, 22, and 18 Carat
On January 3, the price for 24-carat gold fell by ₹380 in India. It now stands at ₹1,35,820 per 10 grams and ₹13,58,200 for 100 grams. Meanwhile, 22-carat gold dropped by ₹350, bringing the cost to ₹1,24,500 per 10 grams and ₹12,45,000 for 100 grams. However, 18-carat gold bucked the trend, rising by ₹280 to reach ₹1,01,870 per 10 grams and ₹10,18,700 for 100 grams.
Current Silver Rates
Silver prices across the country are also showing a downward trend today. The price has decreased by ₹2,000, settling at ₹2,40,000 per kilogram. Accordingly, the price for 100 grams of silver is currently ₹24,000.
Gold and Silver on MCX
On the Multi Commodity Exchange (MCX), gold futures for February 5 maturity closed at ₹1,35,752 per 10 grams after a 0.04% dip. Conversely, silver futures expiring on March 5 settled at ₹2,36,599 following a small 0.31% increase during Friday’s trading session.
