Domestic Gold Rates Retreat Following Previous Rally, Silver Steady; Check 24K, 22K and 18K Prices Gold prices in India declined today as 24-karat bullion shed Rs 11,000 per 100 grams, while silver held firm at Rs 2,35,000 per kilogram amid global currency headwinds. Bullion counters in the domestic market witnessed renewed downward pressure on Saturday, reversing part of the metal's previous recovery. This downward adjustment follows an earlier sharp upswing that had lifted 24-karat gold by over Rs 10,000 per 100 grams. Although the precious metal managed to hold relatively firm throughout the prior trading week, an advancing US dollar alongside climbing bond yields ultimately eroded buying support. In contrast, silver prices across the country showed steady movement, remaining unchanged on Saturday. Current Pricing for 24-Karat Gold The rate for benchmark 24-karat pure gold settled at Rs 14,918 per gram today, marking an easing of Rs 110 from its previous mark. Retail buyers purchasing an 8-gram sovereign will now encounter a cost of Rs 1,19,344. For standard retail transactions of 10 grams, the pricing stands at Rs 1,49,180. For bulk transactions, the price of 100 grams of 24-karat gold settled at Rs 14,91,800, representing a noticeable decrease of Rs 11,000 over the session. Revisions in 22-Karat Jewelry Gold Popular jewelry-grade 22-karat gold also experienced a downward shift, falling by Rs 100 to trade at Rs 13,675 per gram. Consequently, the expenditure required for an 8-gram unit declined to Rs 1,09,400, while the widely monitored 10-gram denomination stood at Rs 1,36,750. For institutional jewelry fabricators and large buyers, 100 grams of 22-karat gold settled at Rs 13,67,500, recording a decline of Rs 10,000. Trends Across 18-Karat Gold Tiers Lightweight ornaments and budget-tier 18-karat gold mirrored the broader decline across the bullion spectrum. The rate retreated to Rs 11,189 per gram, reflecting an Rs 82 drop. At this valuation, 8 grams of 18-karat gold commands Rs 89,512, whereas 10 grams is positioned at Rs 1,11,890. Accumulating 100 grams of this purity now requires Rs 11,18,900, down by Rs 8,200 compared to prior valuations. Silver Maintains Established Price Levels Unlike the softness observed in gold, domestic silver quotes remained flat across all retail and industrial brackets, posting zero variation from the previous session. The white metal held steady at Rs 235 per gram. Correspondingly, an 8-gram purchase requires Rs 1,880, while a 10-gram packet trades at Rs 2,350. An allocation of 100 grams stands firm at Rs 23,500, and a full kilogram of industrial-grade silver remains quoted at Rs 2,35,000. Macro Drivers and Expert Perspectives Explaining the market trends, Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd. and President of IBJA, noted that gold and silver slid further as traders awaited the US jobs report, suffering monthly contractions of 8.5% and 13.5% respectively. He pointed out that the greenback climbed to a three-month peak fueled by higher Treasury yields, while unresolved talks regarding an Iran ceasefire sustained underlying inflation fears. These overlapping macro dynamics have created sustained headwinds for precious metal investments. What this means for you The latest retreat in domestic gold quotations directly lowers acquisition costs for both jewelry shoppers and bullion investors. • Impact on jewelry buyers: A drop of Rs 100 per gram on 22-karat gold yields immediate savings of Rs 1,000 on standard 10-gram purchases. Families planning wedding purchases can utilize this window to manage their fabrication budgets more effectively. • Impact on large investors: The Rs 11,000 decrease per 100 grams of 24-karat gold lowers the capital threshold for major allocations. Long-term buyers can evaluate phased entries rather than rushing into lump-sum purchases. • Impact on silver consumers: With silver quotes locked at Rs 2,35,000 per kilogram, industrial users and retail consumers face no sudden pricing shocks. Buyers can carry out planned purchases using preexisting price estimates. • Impact of currency dynamics: Sustained dollar strength and rising bond yields could maintain price pressure on dollar-denominated assets. Retail consumers should monitor macroeconomic cues before committing large capital to metals. Why this happened The renewed decline in domestic gold rates stems directly from a hardening US dollar, elevated Treasury yields, and broad macro caution ahead of key economic data. • Surging dollar and Treasury yields: An uptrend in US government bond yields propelled the greenback to a three-month peak. A rising dollar increases the effective holding cost of non-yielding bullion for global participants. • Prudence ahead of US jobs data: Institutional participants and traders scaled back exposures while waiting for the pivotal US employment release. This caution contributed to monthly contractions of 8.5% in gold and 13.5% in silver. • Geopolitical friction and inflation concerns: Unresolved discussions regarding an Iran ceasefire kept global inflation fears elevated. These persisting macroeconomic tensions prevented precious metals from sustaining their prior price recovery. Questions & Answers 1. What is the price of 24-karat gold today? Today, 24-karat gold is quoted at Rs 14,918 per gram and Rs 1,49,180 per 10 grams. 2. By how much did 22-karat gold drop? The price of 22-karat gold dropped by Rs 100 per gram, setting the 10-gram rate at Rs 1,36,750. 3. What does 10 grams of 18-karat gold cost today? Following an Rs 82 per gram decline, 10 grams of 18-karat gold costs Rs 1,11,890. 4. What is the current market rate for silver? Silver remained flat at Rs 235 per gram, translating to Rs 2,35,000 per kilogram. 5. What factors caused the drop in bullion prices? The retreat was driven by the US dollar hitting a three-month high, climbing Treasury yields, and trader caution ahead of the US jobs report. https://trendkia.com/en/money/desha-ke-sarrapha-bajara-men-gold-ke-bhava-phira-phisale-silver-sthira-janen-24k-22k-aura-18k-ke-taja-reta-42248 TrendKia — Har trend, sabse pehle.