New Delhi: Gold and silver prices fell in early trade on Tuesday, reversing gains from the previous session, with silver registering a sharper decline than gold on the Multi Commodity Exchange of India.
As of around 10am, silver prices had dropped by more than Rs 2,300 per kg, trading at approximately Rs 2,50,783 per kg. During the session, the metal touched a low of Rs 2,50,181 and a high of Rs 2,51,639.
Gold prices also eased, though more moderately. The price of 24-carat gold stood at about Rs 1,55,600 per 10 grams, down roughly Rs 385. Intraday, gold moved between Rs 1,55,401 and Rs 1,55,788 per 10 grams.
City-wise price trends
Among major cities, Patna recorded the lowest prices, with gold at Rs 1,55,700 per 10 grams and silver at Rs 2,49,930 per kg.
By contrast, Bhopal and Indore were the most expensive markets on the day, where gold was priced at Rs 1,55,950 per 10 grams and silver at Rs 2,50,330 per kg.
Other cities such as Jaipur, Kanpur, and Lucknow reported marginal variations, reflecting broader market trends.
Variation across gold purity
Prices also differed by purity levels. In Patna, 22-carat gold was priced at around Rs 1,42,725 per 10 grams, while 18-carat gold stood at approximately Rs 1,16,775. Similar patterns were observed across other cities, with slight variations depending on local demand and charges.
Market watchers attributed the decline to profit booking after the previous session’s rally, with both metals showing volatility in early trading.
