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"The festival demand has not picked up yet due to high prices (Image: Stock Photo)
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)
City22 Carat Gold24 Carat Gold
ChennaiRs 36,340Rs 39,660
MumbaiRs 37,300Rs 38,300
DelhiRs 37,100Rs 38,300
KolkataRs 37,580Rs 38,770
BangaloreRs 35,650Rs 38,940
HyderabadRs 36,340Rs 39,660
KeralaRs 35,300Rs 38,820
PuneRs 37,300Rs 38,300
VadodaraRs 37,440Rs 38,240
AhmedabadRs 37,440Rs 38,240
JaipurRs 37,100Rs 38,200
LucknowRs 37,100Rs 38,200
CoimbatoreRs 36,340Rs 39,660
MaduraiRs 36,340Rs 39,660
VijayawadaRs 36,340Rs 39,660
PatnaRs 37,300Rs 38,300
NagpurRs 37,300Rs 38,300
ChandigarhRs 36,500 Rs 38,400
SuratRs 37,440Rs 38,240
BhubaneswarRs 36,340Rs 39,660
MangaloreRs 35,650Rs 38,940
VisakhapatnamRs 36,340Rs 39,660
NashikRs 37,300Rs 38,300
MysoreRs 35,650Rs 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)