Gold prices drop, 24k trades at ₹1,70,620 in Hyderabad; silver at ₹4,150| Business News

Gold Rate today: Gold and silver prices dropped in domestic markets on Friday, with 24-carat gold trading below record high level it reached on Wednesday across major cities and silver holding below the ₹4 lakh per kilogram mark.

In Mumbai, 24-carat gold was priced at around ₹1,70,620, while rates in Delhi were slightly higher at about ₹1,70,770, according to data seen on the web at around 10 am on Friday. Prices in Hyderabad were broadly in line with those in Mumbai.

Silver was quoted at ₹3,950 per 10 grams in both Delhi and Mumbai, with Hyderabad recording a higher rate of ₹4,150 per 10 grams.

Silver Rate today: The price of silver in Kolkata today is ₹395 per gram and ₹3,95,000 per kilogram.

Gold Rate today: The price of gold in Kolkata today is ₹16,920 per gram for 24 karat gold, ₹15,510 per gram for 22 karat gold and ₹12,690 per gram for 18 karat gold.

Silver Rate today: The price of silver in Hyderabad today is ₹415 per gram and ₹4,15,000 per kilogram.

Gold Rate today: The price of gold in Hyderabad is ₹17,062 per gram for 24 karat gold, ₹15,640 per gram for 22 karat gold and ₹12,797 per gram for 18 karat gold.

Gold Rate today: US financial markets were gripped by extreme volatility as sharp swings in gold, silver and equities led to an estimated $9 trillion movement in market capitalisation within a few hours, underscoring heightened uncertainty across asset classes.

Gold and silver prices witnessed dramatic intraday moves, crashing sharply before staging a strong recovery within about 6.5 hours of trading.

Gold prices initially fell by nearly 8 per cent before rebounding swiftly, reflecting intense trading activity and risk-off sentiment.

Market data showed that close to $9 trillion in market capitalisation changed hands during the session.

Gold alone lost nearly $3 trillion in value at the market open, only to recover about $2 trillion by the close. Silver also saw heavy volatility, shedding around $750 billion initially before reversing course and regaining nearly $500 billion later in the session.

Gold Rate today: MCX gold prices for April futures opened 1.88% lower on Friday at ₹1,80,499 per 10 grams, compared with the previous close of ₹1,83,962 per 10 grams. The yellow metal had touched a record high of ₹1,93,096 per 10 grams in the previous session.

Gold Rate today: MCX silver prices fell about 4% at the opening on Friday, starting at ₹3,83,898 per kg against the previous close of ₹3,99,893 per kg.

The dip followed a sharp rally on Thursday, when silver hit a fresh record high of ₹4,20,048 per kg on the MCX.

Silver Rate today: The price of silver in Pune today is ₹395 per gram and ₹3,95,000 per kilogram.

Gold Rate today: The price of gold in Pune today is ₹17,062 per gram for 24 karat gold, ₹15,640 per gram for 22 karat gold and ₹12,797 per gram for 18 karat gold.

Silver Rate today: The price of silver in Bengaluru today is ₹395 per gram and ₹3,95,000 per kilogram.

Gold Rate today: The price of gold in Bengaluru today is ₹17,062 per gram for 24 karat gold, ₹15,640 per gram for 22 karat gold and ₹12,797 per gram for 18 karat gold.

The gold rate here is influenced by a mix of domestic demand and international market reasons.

Silver Rate today: Silver prices in Chennai today are ₹415 per gram, or ₹4,15,000 per kilogram. Local silver rates are influenced by several factors, including government policies and global market trends. For instance, a recent increase in excise duty on gold is expected to push silver prices higher. As gold prices rise, rural investors often shift to silver as a hedge. Internationally, silver prices have climbed close to $15 per ounce, supported by steady demand.

Gold Rate today: Gold prices in Mumbai today stand at ₹17,062 per gram for 24-carat gold, ₹15,640 per gram for 22-carat gold and ₹12,797 per gram for 18-carat gold, also known as 999 gold.

Mumbai is home to several long-established jewellery shops, some dating back nearly 300 years and run across generations, offering competitive rates.

Gold Rate today: The price of gold in Chennai is ₹17,673 per gram for 24 karat gold, ₹16,200 per gram for 22 karat gold and ₹13,500 per gram for 18 karat gold.

Demand for gold in Chennai has seen an upward trend, with most of the demand coming for jewellery and less for gold biscuits and gold coins.

Silver Rate today: Silver was quoted at ₹3,950 per 10 grams in both Delhi and Mumbai, with Hyderabad recording a higher rate of ₹4,150 per 10 grams.

Gold Rate today: In Mumbai, 24-carat gold was priced at around ₹1,70,620, while rates in Delhi were slightly higher at about ₹1,70,770, according to data seen on the web at around 10 am on Friday. Prices in Hyderabad were broadly in line with those in Mumbai.