Gold price on Tuesday spurted to Rs 45,950 per 10 grams of 24-carat gold after a fall in the previous session. Conversely, silver cost declined to Rs 66,600 for 1 kg,. Gold prices have fallen nearly Rs 11,000 since August 2020 when the precious metal breached the all-time rate at Rs 57,008 per 10 grams. 

As per analysts, Gold and silver remained volatile throughout last week due to the recovery in international prices. Gold price has slipped by over Rs 10,000 or 18 percent per 10 gm in the last half-year. The price of gold varies from state to state based on taxes and duties, as well as making charges at different jewellery stores. 

Gold price in major cities: In New Delhi, 22-carat gold today rose to Rs 45,210 per 10 grams, while in Mumbai it costs Rs 44,950. Similarly, gold price in Chennai is Rs 43,560 for 10 grams and in Kolkata, gold costs Rs 45,470 per 10 grams. In Bangalore, the price of gold increased to Rs 43,060 for 10 grams.

Meantime, today, March 2, Stocks Markets continue to bullish tone for the second consecutive day this week. Sensex trades above 50,250. Nifty 50 performs around 14,875 during the late morning session.

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