Yellow metal in India reverses trend; 24 karat gold down to Rs 32,705

After four consecutive months increase, India’s gold and silver prices on Tuesday reversed the trend, as 24 karat gold of 10 gram sees decline of Rs 273 and was priced at Rs 32,705, compared to previous day price of Rs 32,978, as per data given by good returns. 
 
Also, 24 karat gold of 100 gram tumbled, as it was valued at Rs  3,27,050 - lower by Rs 2,730 as against previous day's price of Rs 3,29,780. 
 
While 22 karat gold of 10 gram, as per the data, was valued at Rs 29,980, plunging by Rs 250, if compared with previous day's price of Rs 30,230.
 
Similarly, 22 karat gold of 100 gram was available at Rs 2,99,800 - below by Rs 2,500 from previous day's price of Rs  3,02,300. 
 
Gold prices in India are given for 24 karat and 22 karat gold in rupees per 10 grams.
 
MCX provides data for 24 karat (999.9 purity) gold price only. 

On the other hand, silver surged by Rs 1,000 on the day, as it was valued at Rs 41,600 for 1 KG. During the previous day, silver price stood at Rs 40,600. 
 
While 100 gram silver was valued at Rs 4,160,  up by Rs 100, compared to previous day price of Rs 4,060.

Globally spot gold slipped 0.35% to 1,341.24 an ounce, weighed by the dollar`s bounce.