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Gold and Silver Prices Drop in India on September 28
Published : Sep 28, 2024, 4:02 pm IST
Updated : Sep 28, 2024, 4:02 pm IST
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Gold and Silver Prices Drop in India on September 28
Gold and Silver Prices Drop in India on September 28

The price of 18k gold also saw a dip, with a reduction of Rs40.

Gold and Silver Prices in India on September 28: Gold prices saw a decline today, offering some relief to buyers after a continuous upward trend in recent days following the US Federal Reserve's interest rate cut. The price of 24k gold fell by Rs50, bringing it to Rs77,400 per 10 grams, while 100 grams of the same purity dropped by Rs500 to Rs7,74,000. Similarly, 22k gold prices decreased by Rs50 to Rs70,950 per 10 grams, and 100 grams fell by Rs500 to Rs7,09,500.

The price of 18k gold also saw a dip, with a reduction of Rs40, bringing it to Rs58,050 per 10 grams, and 100 grams of 18k gold fell by Rs400 to Rs5,80,500.

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Global Spot Gold and Silver Prices: Spot gold declined by 1%, settling at $2,643.88 per ounce as of 1742 GMT, following four consecutive days of all-time highs. U.S. gold futures fell by 0.9% to $2,668.1. Meanwhile, spot silver dropped by 1.8% to $31.46 per ounce, after reaching its highest level since December 2012 at $32.71 on Thursday, according to Reuters. In India, gold reached an all-time high on September 27, 2024, when prices surged to Rs 7,100 per gram. Since January 1, 2024, when 22k gold stood at Rs5,855 per gram, prices have risen by 21.26%.

Silver Prices in India: Silver prices also recorded a decline today, though they remain above Rs1 lakh per kg in cities like Chennai, Hyderabad, and Kerala. The price of 1 kg of silver dropped by Rs1,000 to Rs95,000, while 100 grams of silver decreased by Rs100 to Rs9,500.

22k Gold Price Movement Over the Last 10 Days (Per Gram):

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September 28: -Rs5
September 27: +Rs40
September 26: No change
September 25: +Rs60
September 24: +Rs20
September 23: +Rs20
September 22: No change
September 21: +Rs75
September 20: +Rs60
September 19: -Rs25

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ROZANA SPOKESMAN

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