Gold dipped 9% on Sunday ahead of the Union Budget. The gold rate in India on Sunday is Rs 1,43,330 per 10 gms while the silver rate is Rs 2,75,260 per 1 kg, according the Bullions website.
In Mumbai, the financial heart of the country, 24-carat gold is retailing at approximately Rs 1,38,500 per 10 grams. Kolkata follows a similar trend, with its gold rate reported at Rs 1,38,320. Both cities are ahead of the national capital, Delhi, where the 24-carat rate currently stands at Rs 1,69,880.
The southern markets continue to record the highest figures in the country. Chennai leads the metros with a peak rate of Rs 1,38,910, while Hyderabad and Bengaluru follow closely at Rs 1,38,720 and Rs 1,38,610 respectively, keeping the price gap between the southern hubs and the northern capital distinct.
