- Gold prices fell by Rs 158 due to weak demand.
- Silver rates rose by Rs 1,484 on firm global trends
- Precious metals are volatile due to crude oil and the Middle East war.
Gold and silver prices traded contrary in early trade on Wednesday, with yellow metal prices falling a bit in early trade while Silver rates escalated. The precious metals prices have remained volatile this month on the back of significant fluctuations in crude prices due to shifts in stances in the ongoing war in the Middle East.
Gold Rate Today
Gold prices fell by Rs 158 to Rs 1,41,465 per 10 grams on Wednesday due to weak spot demand. On the Multi Commodity Exchange, the yellow metal contract for August delivery fell by Rs 158 or 0.11 per cent to Rs 1,41,465 per 10 grams, with a business turnover of 375 lots.
The fall in precious metal prices was due to weak spot demand. Globally, gold futures were trading flat at $4,031.22 per ounce in New York.
24k, 22k Gold Rate In India
According to bullion.co.in, the 24 karat gold rate today is Rs 1,42,650 per 10 grams, while 22 karat gold rate today is Rs 1,30,763 per 10 grams.
The 20 karat gold rate in India today is Rs 1,18,875 per 10 grams, while 18 karat gold rate today is Rs 1,06, 988 per 10 grams.
Also Read: Stock Market Rebounds In Early Trade On Rise In IT Stocks; Sensex Up 726 Points
Silver Rate Today
Silver prices rose 0.69 per cent to Rs 2.17 lakh per kg in the futures trade amid a firm global trend. At the Multi Commodity Exchange, the white metal for September delivery rose by Rs 1,484, or 0.69 per cent, to Rs 2,17,324 per kg, with a trading turnover of 874 lots.
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Analysts said the rise in silver prices was due to fresh positions being taken by participants. In the international market, COMEX silver futures rose 0.88 per cent to US$57.65 per ounce.