Gold Price India, May 31: Check Latest Yellow Metal Prices, Silver Falls By Rs 2200 In 2-Days

Gold prices in India remain unchanged today as US gold prices edged up on May 31 as investors look for key US inflation data that may throw more insights into Fed Reserve's policy path. 22k gold price today in India is quoted at Rs 66,700/10 grams and 100 grams of 22 carat yellow metal prices today are retailing at Rs 6,67,000. 24K precious metal prices today remained steady at Rs 72,760/10 grams and 100 grams of 24 carat gold prices today quoted at Rs 7,27,600 in the country.

Meanwhile, 18 carat yellow metal prices too remained unchanged at Rs 54,570/10 grams and 100 grams of 18k gold prices stood at Rs 5,45,700 in the country.

Spot Gold, Spot Silver Prices Today: Spot gold was up 0.2% at $2,346.18 per ounce, as of 0141 GMT. Bullion prices surged 0.5% so far this week. Spot silver slipped 0.2% to $31.11 per ounce, platinum fell 0.2% at $1,022.70 and palladium fell 0.2% to $946.25.

Silver Prices Today: Silver prices in India today declined by Rs 1000 to Rs 95,500/kg. In last 2-days, silver prices fell by Rs 2200. 100 grams silver prices in India today stood at Rs 9550 after the decline by Rs 100 on Friday.

22k/10 Grams Gold Price Movement In Last 10-Days In India

Gold price today held steady, fell by Rs 400 on May 30, rallied by Rs 250 on May 29, Jumped by Rs 200 on May 28, surged by Rs 250 on May 27, remained unchanged on May 25, fell by Rs 900 on May 24, declined by Rs 1000 on May 23, stayed steady on May 22, and fell by Rs 600 on May 21.

1kg Silver price India movement in last 10-days

Silver prices today declined by Rs 1000, fell by Rs 1200 on May 30, jumped by Rs 1200 on May 29, rallied by Rs 3500 on May 28, surged by Rs 1500 on May 27, slipped by Rs 500 on May 25, dived by Rs 500 on May 24, fell sharply by Rs 3300 on May 23, rallied by Rs 1200 on May 22, and fell by Rs 1900 on May 21.

1 Gram of 22k Gold prices In 5 Key Metropolitan Cities Of India On May 31, 2024:

Gold Price Chennai: Price of 1 gram of 22 carat of gold price Chennai today is Rs 6,730

Yellow Metal Price Mumbai: Price of 1 gram of 22 carat gold in Mumbai on May 31 is Rs 6,670

Precious Metal Price Delhi: Price of 1 gram of 22 carat yellow metal in Delhi on May 31 is Rs 6,685

Gold Price Kolkata: Price of 1 gram of 22 carat of yellow metal in Kolkata on May 31, 2024 is Rs 6,670

Gold Price Kerala: Cost of 1 gram of 22K gold in Kerala on May 31 is Rs 6,670

Yellow Metal Price Bangalore: Price of 1 gram of 22 carat gold in Bangalore on May 31 is Rs 6,670

On how much gold prices can rise in the coming few months, Gaurav Goel (Entrepreneur, SEBI registered Investment Advisor) said, "Gold has had a stellar rise in last few months. International gold prices have gained almost 19% in last one year. Central banks across the world are buying yellow metal and diversifying their dollar holdings. Geopolitical events and ongoing wars in Ukraine and Israel have also added to the Gold glitter."

In India the rise has been even more pronounced due the rupee depreciation against the dollar and fascination of Indian masses for the yellow metal particularly during the festival periods. Lot of people also use Gold as an instrument to convert their unaccounted wealth into tangible assets, added Gaurav Goel.

Going forward, we expect international Gold prices to rise by around 10-12% to around USD 2600 levels in one-year time frame. We believe that global central banks particularly China will continue their purchases in Gold. We also expect geopolitical tensions will keep simmering in coming months. The rise in Indian Gold prices would be along similar lines though dollar appreciation against rupee is expected to be a little muted, stated Gaurav Goel.