Gold Silver Price Today: Today there has been a decline in the prices of Gold and Silver. On MCX (Multi Commodity Exchange), gold became cheaper by about ₹ 506 to ₹ 1,49,294 per 10 grams. Silver is also trading at ₹2,31,250 per kg. In local language – “Today both gold and silver hit the brakes”.
Gold rate in big cities – how much impact on the pocket?
If you are planning to buy, then first check the rates of the city:
- Delhi: 24 carat ₹14,928 / gram
- Mumbai: 24 carat ₹14,913 / gram
- Kolkata: 24 carat ₹14,913/gram
- Chennai: 24 carat ₹15,066/gram (most expensive)
- Bengaluru: 24 carat ₹14,913/gram
That means “each city has its own rate, set before buying”.
Why are gold prices falling? Understand in simple language
In the international market, gold is looking weak even after reaching around $4,600 per ounce. The reason is that investors are selling gold to cover other losses. Besides, expectations of inflation and interest rate increase have also created pressure. “When the market shakes, gold also shakes”.
Silver condition – opportunity or risk for investors?
Silver prices have also declined, which could be an “opportunity to buy cheap” for investors. But experts say that the market is a bit uncertain right now, so invest wisely. “Buy in haste, it may prove costly later”.
Read Also: Amla Block Congress Committee submitted a memorandum to the Governor to the Tehsildar regarding rising gas cylinder prices and increase in electricity rates.
Would it be right to buy gold now?
If you are thinking of long term investment then this decline can become an opportunity. Especially on occasions like Akshaya Tritiya, people definitely do shopping. But fluctuations may persist in the short term.
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