Gold and silver prices have fallen 1.3% compared to yesterday. India’s headline consumer price inflation declined to 5.5%, under the RBI’s upper tolerance band of 6%, but still away from the 4% target.
Headline consumer price inflation declined to 5.5% — within the Reserve Bank of India’s (RBI) upper tolerance limit of 6%, but still at a distance from the central bank’s 4% target.
“Gold and silver extended their rally following U.S. inflation data and an interest rate cut by the Bank of Canada. November’s U.S. CPI rose by 2.7%, in line with market expectations, offering some relief to investors. The Bank of Canada’s 50-basis-point rate cut to 3.25% provided additional support for precious metals, propelling gold to a five-week high and silver to a six-week high. Geopolitical tensions, central bank purchases, and discussions of Chinese stimulus continue to bolster the outlook for gold, which is edging closer to record highs,” said Rahul Kalantri, Vice President of Commodities at Mehta Equities.
Gold and silver rates today, December 13
The 24-carat gold rate in India was Rs 77,950 per 10 grams on December 12. The rate for 24-carat gold per gram is Rs 7,795. While the rate of 22-carat gold was Rs 71,454 per 10 grams.
The price of 24-carat gold has risen 1.8% in the last seven days. It has increased by 1.5% in the last ten days. The silver is available to Indian customers today at a price of Rs 95,590 per kilogram.
Gold rate in Mumbai on December 13
The Gold rate in Mumbai is Rs 77,950/10 grams today. On December 12, the gold was available for Rs 78,960/10 grams. A week back, on December 06, gold was sold for Rs 76,580/10 grams.
Silver rate in Mumbai on December 13
Silver rate in Mumbai was Rs 92,330/Kg on December 13, a fall of Rs 3,260, while it was priced at Rs 95,590/Kg and a week ago the price was Rs 92,160.
Gold rate in Delhi on December 13
On December 13, the gold rate in Delhi is Rs 77,810/10 grams. The gold was quoted at Rs 78,820/10 grams on December 12. While the price of the 24K gold was Rs 76,450/10 grams a week ago.
Silver rate in Delhi on December 13
The silver rate in Delhi was Rs 92,170/Kg on December 13.
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