Gold and silver prices fell on the morning of 23 February. In Delhi, 24 carat gold is trading at Rs 159420 per 10 grams, silver at Rs 274900 per kg. The impact of the international market was also visible.
Gold-Silver Price: A slight decline has been recorded in the prices of gold on the morning of 23rd February, the first trading day of the new week. After seeing a continuous rise in the last one week, the gold rate has softened today. There has also been a decline in the price of silver. This change is important for investors because there was a strong rise in both gold and silver in the past.
Today’s gold rate in Delhi
In the capital Delhi, 24 carat gold is trading at Rs 159420 per 10 grams today. Whereas the price of 22 carat gold is Rs 146140 per 10 grams. There was definitely a rise in prices compared to last week, but light pressure is being seen in today’s session.
If we look at the trend of last seven days, 24 carat gold has become costlier by Rs 1530, while 22 carat gold has increased by Rs 1400. This means that in the long term the trend is still indicating strength.
Mumbai, Chennai and Kolkata prices
Today, the price of 24 carat gold in big cities like Mumbai, Chennai and Kolkata is around Rs 159270 to Rs 159280 per 10 grams. In these cities, the rate of 22 carat gold has been recorded at around Rs 145990 to Rs 146000 per 10 grams.
Slight variation in prices in these major cities is due to local taxes and demand. However, at the national level the trend remains almost the same.
Price in Pune and Bengaluru
Even in Pune and Bengaluru, 24 carat gold is at Rs 159280 per 10 grams. Whereas the price of 22 carat gold has been recorded around Rs 146000 per 10 grams.
In South India, the demand for gold is high during wedding and festival seasons. In such a situation, price fluctuations in these cities remain important for both investors and customers.
impact of international market
It is important to keep an eye on the movement of gold in the global market also. The spot price of gold in the international market is at $ 5027.13 per ounce. Whereas the spot price of silver has been recorded at $ 80.5 per ounce.
Experts believe that due to new developments regarding tariffs in the US and increasing geopolitical tensions in the Middle East, investors may turn to safer investment options. In such an environment, demand for bullion like gold and silver may remain strong.
Recently, major decisions have been taken in America regarding import tariffs. There has been increased volatility in global markets after the announcement of increase in tariff rates. Its direct impact can also be seen on the commodity market.
fall in silver price
Not only gold, the price of silver has also softened today. On the morning of 23 February, the price of silver has reached Rs 274900 per kg. In the month of January, the price of silver had crossed the level of Rs 4 lakh, but now it continues to fluctuate.
Silver is also used in industrial demand, so its prices do not depend only on investment trends. Demand from electronics and solar sectors also plays a big role in this.
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