On Wednesday, Gold fell Rs 372 to Rs 38,975 per 10 grams in the national capital due to delay in festive demand, according to HDFC Securities. Tracking weakness in gold, silver prices also tumbled Rs 1,150 to Rs 48,590 per kilogram at the bullion market.
"The festival demand has not picked up yet in the physical market due to higher gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
In the global market, gold prices were trading higher at USD 1,490 an ounce in New York and silver was also up at USD 18.10 per ounce.
Prices were trading marginally up at USD 1,490 on Wednesday ahead of the European Central Bank's meeting and on positive development on the US-China trade issues, he added.
On Monday, gold prices for 24 Karat (99.9 per cent purity) had closed at Rs 39,347 per 10 gram and silver at Rs 49,740 per kilogram. The bullion market was closed on Tuesday on account of 'Muharram'.
Here are the expected rates of Gold and Silver in India today:
Today 22 Carat Gold Rate Today in India (INR)
1 gram: Rs 3,730
10 gram: Rs 37,300
100 gram: Rs 3,73,000
Today 24 Carat Gold Rate Today in India (INR)
1 gram: Rs 3,830
10 gram: Rs 38,300
100 gram: Rs 3,83,000
Gold Rate Today in Indian Cities (INR)
City 22 Carat Gold 24 Carat Gold
Chennai Rs 36,340 Rs 39,660
Mumbai Rs 37,300 Rs 38,300
Delhi Rs 37,100 Rs 38,300
Kolkata Rs 37,580 Rs 38,770
Bangalore Rs 35,650 Rs 38,940
Hyderabad Rs 36,340 Rs 39,660
Kerala Rs 35,300 Rs 38,820
Pune Rs 37,300 Rs 38,300
Vadodara Rs 37,440 Rs 38,240
Ahmedabad Rs 37,440 Rs 38,240
Jaipur Rs 37,100 Rs 38,200
Lucknow Rs 37,100 Rs 38,200
Coimbatore Rs 36,340 Rs 39,660
Madurai Rs 36,340 Rs 39,660
Vijayawada Rs 36,340 Rs 39,660
Patna Rs 37,300 Rs 38,300
Nagpur Rs 37,300 Rs 38,300
Chandigarh Rs 36,500 Rs 38,400
Surat Rs 37,440 Rs 38,240
Bhubaneswar Rs 36,340 Rs 39,660
Mangalore Rs 35,650 Rs 38,940
Visakhapatnam Rs 36,340 Rs 39,660
Nashik Rs 37,300 Rs 38,300
Mysore Rs 35,650 Rs 38,940
Today Silver Rate Per Gram/Kg in India (INR)
1 gram: Rs 51.30
10 gram: Rs 513
100 gram: Rs 5,130
1 Kg: Rs 51,300
*All rates courtsey goodreturns
(With PTI Inputs)