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    Gold Falls Rs 500, Silver Drops Rs 5,000: Check 22K And 24K Rates In Your City On February 10 | Savings and Investments News

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    Gold and silver prices in India drop, with gold at Rs 1,57,910 per 10 grams in Mumbai and silver at Rs 2,90,500 per kg. Rates vary across cities.

    Gold and silver prices today, February 10.

    Gold and silver prices today, February 10.

    Gold and Silver Rates Today, February 10: Gold and silver prices in India jumped on February 10 on profit-booking. On the MCX, the price of gold dropped by nearly Rs 500 or 0.39% to trade at Rs 1,57,450 per 10 grams in the early trade on Monday, while silver fell by Rs 5,000 or 2.2% to Rs 2,57,037 per kg.

    In the spot market, in Mumbai, the price of 24-carat gold rose to Rs 1,57,910 per 10 grams, while 22k gold was available at Rs 1,44,750 per 10 grams. These rates do not include GST and making charges. Silver also declined to around Rs 2,90,500 per kg in the spot market.

    Last month, gold touched its all-time high of over Rs 1,80,000, while silver prices hit a record Rs 4,20,000.

    What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On February 10?

    City 22K Gold (per 10gm) 24K Gold (per 10gm)
    Delhi Rs 1,44,900 Rs 1,57,120
    Jaipur Rs 1,44,900 Rs 1,57,120
    Ahmedabad Rs 1,44,800 Rs 1,57,020
    Pune Rs 1,44,750 Rs 1,57,910
    Mumbai Rs 1,44,750 Rs 1,57,910
    Hyderabad Rs 1,44,750 Rs 1,57,910
    Chennai Rs 1,44,750 Rs 1,57,910
    Bengaluru Rs 1,44,750 Rs 1,57,910
    Kolkata Rs 1,44,750 Rs 1,57,910

    “MCX Gold futures are trading near the Rs 1,55,000-Rs 1,60,000 zone, following consolidation after the sharp correction from all-time highs around Rs 1,80,000-Rs 1,81,000. The broader uptrend structure remains supportive, with prices holding above important long-term support zones. Strong buying interest is seen in the Rs 1,45,000-Rs 1,50,000 support area. A sustained hold above this base, followed by a breakout above Rs 1,60,000, could revive upside momentum toward Rs 1,65,000-Rs 1,75,000, keeping the medium-term outlook positive despite ongoing volatility,” Ponmudi R, CEO of Enrich Money.

    What Factors Affect Gold Prices In India?

    International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

    In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

    With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.

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