Gold Prices Decline For 2nd Consecutive Day; Check Yellow Metal Rates Today
Key Points
In Odisha, the price of yellow metal 22K (10 grams) traded at Rs 59, 800 while the price of 20K (10 grams) stood at Rs 54,300.
Cuttack, Dec 6: Gold prices in India fell around Rs 500 per 10 grams for the second consecutive day on Wednesday at the Multi Commodity Exchange for December contracts.
In Odisha, the price of yellow metal 22K (10 grams) traded at Rs 59, 800 while the price of 20K (10 grams) stood at Rs 54,300.
Likewise, 18K gold (10 grams) stood at Rs 49,200. The price of 14K gold (10 grams) stood at Rs 39,800.
In Cuttack, the GST 995 yellow metal traded at Rs 6,260 per gram and the ready 995 gold prices stood at Rs 6,400 per gram.
The price of silver metal also sees a fall. The price of LRS silver stood at Rs 75,700 and the price of 9999 silver stood at Rs 77,000.
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It may be noted that the gold price can vary as per the MCX and dealer to dealer.
Gold is considered an important part of India's economy and social life due to its cultural significance, investment values, and its traditional role in weddings and festivals.
Notably, the gold and silver prices in India are influenced by a variety of factors, including global economic conditions, inflation rates, currency fluctuations, and local demand and supply dynamics.