Gold Prices Drop by ₹1,082 on MCX; Silver Falls ₹4,000 - Check Rates for Top Cities
Today, gold prices dropped by ₹1,082 on MCX and silver fell by ₹4,000 on July 3 delivery. The price differences for major cities like Mumbai, Delhi, Kolkata, Chennai, Patna reveal significant variations which affect jewelry makers and investors across the country.
Highlights
- •24-carat gold price drop: ₹1,59,502 to ₹1,58,420 on MCX
- •Silver's decrease: ₹2,64,680 to ₹2,60,981 on market open
- •Mumbai gold rate:** 24-carat: ₹156,110; 22-carat: ₹143,100; 18-carat: ₹117,080
- •Delhi gold rates: 24-carat: ₹156,260; 22-carat: ₹143,250; 18-carat: ₹117,230
On June 5, gold prices witnessed a noticeable dip, dropping by ₹1,082 on the Multi Commodity Exchange (MCX). The price of 24-carat gold closed at ₹1,59,502 per 10 grams yesterday but settled at ₹1,58,420 per 10 grams today. This morning's drop continues a trend that has seen some volatility in the precious metal's price.
City-Specific Gold Rates
The fluctuation in gold rates doesn't stop with Mumbai and Delhi; let's delve into specific city-wise prices:
- Mumbai: 24-carat: ₹156,110; 22-carat: ₹143,100; 18-carat: ₹117,080
- Delhi: 24-carat: ₹156,260; 22-carat: ₹143,250; 18-carat: ₹117,230
- Kolkata:** 24-carat: ₹156,110; 22-carat: ₹143,100; 18-carat: ₹117,080
- Chennai:** 24-carat: ₹157,970; 22-carat: ₹144,800; 18-carat: ₹121,600
- Patna:** 24-carat: ₹156,160; 22-carat: ₹143,150; 18-carat: ₹117,130
While gold prices show a drop of ₹1,100 in today's trading session, silver has also seen a significant decrease. The price of silver on MCX for July 3 delivery is recorded at ₹2,60,610 per 10 grams—an overall reduction of ₹4,000 from the previous day.
Silver Price Update
On a separate note, silver's price saw an adjusted value of ₹2,60,981 at market opening today. If you're looking to invest in precious metals or purchase jewelry, these fluctuations can impact your decisions significantly.
