Gold, Silver prices fall in India as International Crude oil rates drop sharply
New Delhi, June 17: As the prices of international crude oil fell below $80 per barrel today, the rates of Gold and Silver also dropped today in India.
The Gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 291 or 0.19 per cent at Rs 1,52,800 per 10 grams against the previous close of Rs 1,53,091.
It fell further to touch an intraday low of Rs 1,52,301, a drop of Rs 790 or 0.51 per cent. Last seen, it was trading at Rs 1,52,556 with a drop of Rs 535 or 0.35 per cent.
Silver futures, maturing on July 3, 2026, opened in the green but fell later as the day progressed.
It started the trading session at Rs 2,50,557 against the previous close of Rs 2,50,105, a gain of Rs 452 or 0.18 per cent.
But it later fell to touch the intraday low of Rs 2,48,777, a drop of Rs 1,328 or 0.53 per cent.
Last seen, it was trading at Rs 2,49,401 with a fall of Rs 704 or 0.28 per cent.
Gold Price in the International Market
In the international market, the COMEX gold price fell 0.17 per cent to approximately USD 4,347.2 per troy ounce. The spot gold price at 1:00 pm was USD 4,326.97 per ounce, down by USD 7.63 or 0.18 per cent.
The international prices of crude oil have been dropping over the last three days after the United States and Iran confirmed reaching an in-principle peace deal, to be signed on June 19.
The announcement of the peace deal has raised hopes about free flow of energy through the Strait of Hormuz, the critical channel for movement of fuel globally, which has remained closed for more than 3 months due to the Iran war.
Also Read:
International Crude oil prices continue to slide, fall below $80
Prices In Major Cities
Gold price in Delhi
In Delhi, the 24-carat gold price was quoted at Rs 1,51,250 per 10 grams. For 22-carat gold, the consumer would have to spend Rs 1,38,650 per 10 grams.
Gold price in Mumbai
In Mumbai, 24-carat gold was available at Rs 1,51,100 per 10 grams, while 22-carat gold stood at Rs 1,38,500 per 10 grams.
Gold price in Kolkata
The 24-carat gold price in Kolkata today was Rs 1,51,100 per 10 grams, while the rate for 22-carat gold was Rs 1,38,500 per 10 grams.
Gold price in Chennai
In Chennai, the 24-carat gold was available for Rs 1,53,060 per 10 grams. For 22-carat gold, the rate was Rs 1,40,300 per 10 grams.
Silver prices in Delhi
The price of silver per kg in the national capital was Rs 2,65,000.
Silver price in Mumbai
In Mumbai, the consumer would have to pay Rs 2,65,000 per kg today to buy the precious metal.
Silver price in Kolkata
In Kolkata, the price of 1 kg of silver stood at Rs 2,65,000.
Silver price in Chennai
In Chennai, the price of precious metal stood at Rs 2,75,000 per kg. (BVI)
