Gold Price India Falls For 2nd Day, May 13: 24 Carat/100 Grams Yellow Metal Down By Rs 4,400

Gold prices India declined on May 13 for second consecutive day. 24K gold prices for 10 grams fell by Rs 110 to Rs 73,250 and 100 grams of 24 carat yellow metal prices declined by Rs 1100 to Rs 7,32,500. 24k gold prices now slipped by Rs 4,400 for second day in a row as investors are looking forward to US inflation data, that may throw more light on the timing of Fed Reserve's first rate cut. Meanwhile, 22k gold prices dived by Rs 100 in India on May 13 to Rs 67,150/10 grams and 100 grams of 22k yellow metal fell by Rs 6,71,500. On other hand, 10 grams of 18 carat gold prices got cheaper by Rs 80 to Rs 54,940 and 100 grams of 18k precious metal prices are quoted at Rs 5,49,400 after the decline by Rs 800.

Silver prices India too witnessed decline on Monday. 1kg silver prices in India today quoted at Rs 86,500 after the fall by Rs 500 and 100 grams of silver prices are retailing for Rs 8,650 after fall by Rs 50.

Spot gold continued to hold its ground at $2,358.42 per ounce by 0229 GMT. Prices touched a two-week high in the previous session. U.S. gold futures declined 0.4% to $2,364.60, according to Reuters.

According to Reuters, "I suspect inflation will be stickier than people want to see, so we need to allow for a few bumps in the road - but that doesn't necessarily mean inflation will rip higher," said City Index senior analyst Matt Simpson.

"It just won't disinflate as quickly as doves hope. And that could result in some choppy trade for gold prices around these highs, at a time of year usually associated with negative returns for gold prices."

24k/10 Grams Gold Price Movement In Last 10-Days In India

Gold price today fell by Rs 110, declined by Rs 330 on May 11, jumped massively by of Rs 1530 on May 10, fell by Rs 110 on May 9, slipped by Rs 110 on May 8, surged by Rs 330 on May 7, rallied by Rs 220 on May 6, surged by Rs 100 on May 4, and declined by Rs 540 on May 3.

1kg Silver price India movement in last 10-days

Silver prices today fell by Rs 500, witnessed declined by Rs 700 on May 11, jumped by Rs 2500 on May 11, soared by Rs 200, remained unchanged on May 8, rallied by Rs 1000 on May 7, surged by Rs 1000 on May 6, declined by Rs 500, and remained steady in India on May 3.

Gold prices In 5 Key Metropolitan Cities Of India On May 13, 2024:

Gold Price Chennai: Price of 10 grams of 22 carat of gold price Chennai today is Rs 67,250

Yellow Metal Price Mumbai: Price of 10 grams of 22 carat gold in Mumbai on May 13 is Rs 67,150

Precious Metal Price Delhi: Price of 10 grams of 22 carat yellow metal in Delhi on May 13 is Rs 67,300

Gold Price Kolkata: Price of 10 grams of 22 carat of yellow metal in Kolkata on May 13, 2024 is Rs 67,150

Gold Price Kerala: Cost of 10 grams of 22K gold in Kerala on May 13 is Rs 67,150

Yellow Metal Price Bangalore: Price of 10 grams of 22 carat gold in Bangalore on May 13 is Rs 67,150