Gold prices saw a marginal rise in India on Tuesday, with 24-carat gold climbing ?10 to trade at ?1,13,080 per 10 grams, according to GoodReturns. Silver also witnessed an uptick, with one kilogram priced at ?1,38,100, marking a ?100 increase.
For 22-carat gold, the rate moved up by ?10, with 10 grams selling at ?1,03,660. In major cities, 24-carat gold was priced at ?1,13,080 in Mumbai and Kolkata, ?1,13,230 in Delhi, and ?1,13,790 in Chennai. The 22-carat variant was available at ?1,03,660 in Mumbai, Kolkata, Bengaluru, and Hyderabad, ?1,03,810 in Delhi, and ?1,04,310 in Chennai.
Silver prices remained uniform across most metro cities, with Delhi, Mumbai, and Kolkata quoting ?1,38,100 per kg, while Chennai recorded a higher rate of ?1,48,100 per kg.
Globally, gold prices surged to fresh records as expectations of further US interest rate cuts and a weaker dollar boosted investor sentiment. Spot gold was up 0.2% at $3,752.43 per ounce (as of 0123 GMT), after briefly touching an all-time high of $3,758.03. Meanwhile, US gold futures for December delivery gained 0.3% to $3,787.60.
In other precious metals, spot silver slipped 0.2% to $43.98 per ounce, though still near a 14-year peak. Platinum rose 0.3% to $1,420.45, and palladium jumped 0.9% to $1,189.84.
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