Gold-Silver Rate: Rise in gold and silver prices for the second consecutive day, know the price of gold and silver in your city.

Gold-Silver Rate Today In India: There is a strong rise in the prices of gold and silver in the international market as well as in the domestic market. On Wednesday, the price of spot gold in the international market jumped by more than 3 percent. Along with this, silver prices have also taken a big and spectacular jump of about 6.2 percent at the global level.

Today, for the second consecutive day, both gold and silver prices remain very strong on MCX. Today the price of gold on MCX has jumped by Rs 546 to Rs 1,52,678 per 10 grams. Similarly, the rate of silver has also increased by Rs 2506 to reach Rs 2,55,771 per kg.

Gold price in major cities of India

The price of 24 carat gold in Delhi is Rs 1,52,290 per 10 grams and 22 carat gold is Rs 1,39,610 per 10 grams. In Mumbai and Kolkata, the price of 24 carat gold is Rs 1,52,140 and the price of 22 carat gold is Rs 1,39,460. The price of 24 carat gold in Chennai is Rs 1,53,830 and 22 carat is Rs 1,41,010. In Pune and Bengaluru, 24 carat gold is Rs 1,39,460 and 22 carat gold is Rs 1,38,340 per 10 grams.

rise in silver prices

Along with gold, there is a continuous rise in the prices of 1 kg silver in the country. Today, the rate of silver in the bullion market has increased by a huge Rs 5000 to Rs 2,70,000 per kg. Earlier on May 6, silver had increased by Rs 3,500 to Rs 2,54,500 per kg in Delhi’s bullion market.

condition of international market

Talking about foreign markets, the price of gold has increased by 0.30 percent in the international market to $ 4708 per ounce. On the other hand, silver is trading strongly at $ 78.165 per ounce with a gain of 1.12 percent. The main reasons for the recovery in prices are believed to be purchasing at lower levels and some softening of crude oil prices.

Also read: Share market excited by global signals, Sensex opens above 78000, Nifty also rises

Reasons for gold’s rise

Bond yields in the US remain high and the Federal Reserve may keep its interest rates high for a long time. This creates pressure on gold because no interest is earned on the gold reserves kept in the global market. Big countries like China and Poland have continued to increase their gold reserves, which has increased demand in the market.