Gold and Silver Prices Remain Steady on May 25: Retail Rates in Major Indian Cities
Precious Metal Prices Trade Marginally Higher Amid Ongoing War in Iran and Elevated Oil Prices
Precious metal prices traded marginally higher in early May 25 trade, driven by the ongoing war in Iran and elevated oil prices. However, gains were capped by a stronger dollar.
The international spot gold traded 0.87 percent higher to $4,567.90 per ounce, while silver inched 2.74 percent higher to $78.29 per ounce in early Comex trade. The gold futures for the June contract closed Friday's session 0.06 percent lower to Rs 1,58,588 per 10 grams.
| Commodity | May 25 Price (Per Ounce) | May 25 Price (Per 10 Grams) |
|---|---|---|
| Gold | $4,567.90 | Rs 1,58,588 |
| Silver | $78.29 | Rs 2,75,600 |
Read also: Gold and Silver Prices Decline Amid Strengthening Dollar and Inflation Concerns
The silver futures for the July contract declined 1.07 percent to Rs 2,75,600 per kilogram. The domestic spot gold closed the MCX session at Rs 1,57,549 per 10 grams of 24-karat purity.
Market participants are closely watching crude oil movement, rupee volatility, and ongoing US-Iran developments, which remain the key drivers for bullion sentiment. Gold prices vary as per purity, with prices for 24-karat, 22-karat, and 18-karat gold moving differently.
| Purity | May 25 Price (Per 10 Grams) |
|---|---|
| 24-karat | Rs 1,57,549 |
| 22-karat | Not Specified |
| 18-karat | Not Specified |
Prices for gold also vary among cities, with prices for 10 grams of gold moving differently in each location.
Read also: Gold and Silver Prices in India: A Review of Current Rates Across Major Cities
More in General
Gold and Silver Prices Decline Amid Strengthening Dollar and Inflation Concerns
Gold and Silver Prices in India: A Review of Current Rates Across Major Cities
Silver Price Plunge Continues Amid Strong US Job Report and Escalating Middle East Tensions
