 "Gold price falls ₹10 to ₹1,23,700, silver climbs ₹100, trades at ₹1,74,100")
Gold Price Today: The price of 24-carat gold fell ₹10 in early trade on Saturday, with ten grams of the precious metal trading at ₹1,23,700, according to the GoodReturns website. The price of silver climbed ₹100, with one kilogram of the precious metal selling at ₹1,74,100.
The price of 22-carat gold stumbled ₹10, with ten grams of the yellow metal selling at ₹1,13,390.
The price of ten grams of 24-carat gold stood at ₹1,23,700 in Mumbai, Kolkata, and Chennai.
In Delhi, the price of ten grams of 24-carat gold stood at ₹1,23,850.
In Mumbai, the price of ten grams of 22-carat gold was ₹1,13,390, the same as in Kolkata, Bengaluru, Hyderabad and Chennai.
In Delhi, the price of ten grams of 22-carat gold stood similar to the price in Chennai at ₹1,13,540.
The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹1,74,100. ALSO READ: Gold and silver surge: Know how ETFs are taxed before you invest in them
The price of one kilogram of silver in Chennai stood at ₹1,84,100.
US gold pared some gains on Friday after briefly rallying above the $4,000 an ounce milestone for a second time this week as US President Donald Trump's warning of possible fresh tariffs on China accelerated a flight to safe-haven assets.
Spot gold was up 0.4 per cent at $3,989.49 per ounce as of 1:40 p.m. ET (1740 GMT). The metal logged a 2.7 per cent gain this week.
US gold futures for December delivery settled 0.7 per cent higher at $4,000.40.
US President Donald Trump said on Friday there is no reason to meet with China's President Xi Jinping in two weeks in South Korea as planned. The US is calculating a massive increase in tariffs on Chinese imports, he said in a Truth Social post.
Following the news, gold briefly topped the $4,000/oz milestone, climbing to a session high of $4,022.52.
Silver is also benefiting from the same factors driving gold's rally, alongside concerns about supply deficit and rising demand for the metal.
Silver rose 2.1 per cent to $50.13 per ounce, a day after touching a record high of $51.22. It has gained more than 73 per cent so far this year.
Silver futures on Comex for December 2025 were trading at $47.32.
Among other metals, platinum was down 1.4 per cent at $1,596.55 and logged a weekly loss, while palladium eased 0.3 per cent to $1,406.87, posting a more than 12.6 per cent weekly rise.
(with inputs from Reuters)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%