Srinagar, Mar 03: The price of gold on Wednesday fell by more than Rs 500 as 10 grams of 24-carat gold cost Rs 45,420 today. In yesterday’s session, gold price rose slightly to Rs 45,950 per 10 grams. Meanwhile, silver is also trading lower at Rs 66,600 a kg, according to the Good Returns website.
In the international market too, gold was trading 0.49 per cent lower at USD 1,714.50 per ounce in New York as on Tuesday. Gold prices have fallen nearly Rs 11,000 since August 2020 when the precious metal breached the all-time rate at Rs 57,008 per 10 grams.
Gold and silver remained volatile throughout last week due to the recovery in international prices. Price of gold varies from state to state based on taxes and duties, as well as making charges at different jewellery stores.
Price of 22-carat gold in New Delhi has dropped to Rs 44,250 per 10 grams, while in Mumbai it costs Rs 44,420. Similarly, gold price in Chennai fell to Rs 42,660 for 10 grams and in Kolkata, gold dipped to Rs 44,640. Meanwhile, the 22-carat gold price in Bangalore today is Rs 42,100 for 10 grams.
