Gold-Silver Rate Today: Today again the price of gold fell by Rs 1368, silver crossed Rs 2.32 lakh.

Gold-Silver Rate Today In India: The sharp decline in gold prices across the country continues this week also. After falling by Rs 1904 yesterday, the price of gold has again fallen to Rs 1368 today. Due to the end of the wedding season and increase in custom duty, the demand for gold in the domestic bullion market is decreasing rapidly. On the contrary, a bumper rise has been recorded in the prices of silver even today, due to which new enthusiasm is clearly visible in the market.

Despite the tremendous strength in the global market, gold prices in India are continuously decreasing, which is a big relief for the general public. There is a fear of further crash in gold prices in the minds of people, hence they are selling their old gold. The government has also directly increased the custom duty on gold from 6 percent to 15 percent, which has led to a huge decline in demand. Due to this big decision, people are completely avoiding buying new jewelery at the moment.

gold price

Today the average price of gold in the country has come to Rs 1,45,900 per 10 grams, whereas yesterday it was Rs 1,47,268. Today in the national capital Delhi, the price of gold opened at Rs 1,45,650 per 10 grams, which is Rs 250 less than the national average. If you want to buy 18 carat gold jewellery, its price has also fallen to Rs 1,09,425 today. Within a day, 18 carat gold has decreased by Rs 1026, which is a very good opportunity for customers and common buyers.

price of silver

In sharp contrast to gold, a huge jump of 1.35 percent was clearly seen in the prices of silver today. Due to this huge rise, today silver has become more expensive by Rs 3091 per kg compared to yesterday. Now the price of silver in the domestic bullion market has increased to a high of Rs 2.32 lakh per kg. In the international market too, silver is continuously trading at an excellent level of $ 61.75 per ounce with a strength of 1.12%.

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Due to increase in supply of gold

Due to continuous fall in gold prices, the supply of old gold has suddenly increased in the market. Out of fear, people are selling their old gold and withdrawing cash immediately so that they do not suffer much loss in future. Due to low demand, jewelers and dealers are also selling gold to customers at very cheap rates by reducing the premium. The strength of the dollar in the international market is also a major and main reason for the continuous decline in gold prices.