Gold and silver prices in India experienced minor declines on Monday, with prices dropping by a rupee or two in most major cities. Market analysts noted the changes are part of routine fluctuations and attributed them to minor shifts in global commodity trends.

The price of 24-karat gold in India today stands at ₹12,201 per gram, reflecting a decrease of ₹1 compared to Sunday. Similarly, 22-karat gold is priced at ₹11,184 per gram, while 18-karat gold, also referred to as 999 gold, is valued at ₹9,151 per gram, each showing a drop of ₹1. In Kochi, Trivandrum, and Kozhikode, gold prices remain uniform, consistent with national trends.

Breaking down the price changes for various quantities, 24K gold costs:

  • ₹12,201 per gram (down ₹1)
  • ₹97,608 for 8 grams (down ₹8)
  • ₹1,22,010 for 10 grams (down ₹10)
  • ₹12,20,100 for 100 grams (down ₹100)

For 22K gold, the rates are:

  • ₹11,184 per gram (down ₹1)
  • ₹89,472 for 8 grams (down ₹8)
  • ₹1,11,840 for 10 grams (down ₹10)
  • ₹11,18,400 for 100 grams (down ₹100)

Meanwhile, 18K gold prices have declined marginally:

  • ₹9,151 per gram (down ₹1)
  • ₹73,208 for 8 grams (down ₹8)
  • ₹91,510 for 10 grams (down ₹10)
  • ₹9,15,100 for 100 grams (down ₹100)

Among major cities, the highest 24K gold rates were observed in Chennai at ₹12,327 per gram, followed by Delhi at ₹12,216 per gram. Other cities such as Mumbai, Kolkata, Bangalore, Hyderabad, Kerala, and Pune saw prices at ₹12,201 per gram, while Ahmedabad and Vadodara reported slightly higher rates at ₹12,206 per gram.

22K gold remains fairly stable across the country, ranging from ₹11,184 to ₹11,299 per gram, while 18K gold varies between ₹9,151 and ₹9,424 per gram in major cities.

Silver Price

Turning to silver, the precious metal witnessed a minor decline, reflecting changes in global silver prices. In India today, silver costs ₹152.40 per gram and ₹1,52,400 per kilogram, down ₹0.10 per gram and ₹100 per kilogram from the previous day.

In Kochi and Kozhikode, silver rates are slightly higher at ₹164.90 per gram and ₹1,64,900 per kilogram, showing a similar marginal decline. For other quantities, silver prices are as follows:

  • 10 grams: ₹1,524–₹1,649 depending on the city
  • 100 grams: ₹15,240–₹16,490
  • 1 kilogram: ₹1,52,400–₹1,64,900

In Chennai and Hyderabad, silver costs ₹1,649 per 10 grams, ₹16,490 per 100 grams, and ₹1,64,900 per kilogram. Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad reported slightly lower rates of ₹1,524 per 10 grams, ₹15,240 per 100 grams, and ₹1,52,400 per kilogram.

Experts note that such minor fluctuations are common in the Indian bullion market and do not indicate any long-term trends. The slight dip in prices is largely due to minor adjustments in international markets and local demand-supply dynamics.

Investors are advised to monitor prices closely. Traders and jewellery retailers often adjust pricing in small increments to reflect global market conditions, currency fluctuations, and local demand.

Overall, despite the small drops, gold and silver remain a reliable store of value in India, particularly in festive and wedding seasons when demand traditionally spikes. Analysts suggest that buyers can consider these minor declines as an opportunity for investment, while sellers may adopt a cautious approach until market conditions stabilise further. (With inputs from Agencies)