Gold Silver Price Today: Gold prices increased again today, silver also became expensive, know today’s new rates.

New Delhi: Today is an important day for people planning to buy gold and silver. On the second trading day of the week, the bullion market once again witnessed a rise. There is movement in the prices of both the precious metals from the international market to the domestic market. Due to the ongoing tension in the Middle East and global economic conditions, the trend of investors has increased towards safe investment options, the effect of which is directly visible on the prices of gold and silver. In such a situation, if you are thinking of purchasing today, then it is important to know the latest price first.

How was the performance of gold and silver in the international market?

A mixed trend was seen in the prices of gold and silver in the global market on Tuesday. During morning trading on the international commodity exchange COMEX, gold was seen trading with a slight rise. Whereas slight weakness was recorded in silver.

Market experts say that due to geopolitical tension and cautious strategy of investors, there is continuous fluctuation in prices. This is the reason why the prices of gold and silver have been going up and sometimes down for the last few days. The price of gold on Comex reached around $ 4,021 per ounce, while silver was seen trading around $ 57.79 per ounce.

Domestic market MCX also saw a rise

The impact of international market signals was also seen on the Indian futures market. An increase was recorded in the prices of both gold and silver in the Multi Commodity Exchange (MCX). Gold on MCX increased to the level of around Rs 1,40,994 per 10 grams. At the same time, silver also appeared to be trading strongly and its price reached around Rs 2,18,313 per kg. Experts believe that due to increasing demand from investors and uncertainty in the global market, there is a bullish atmosphere in the domestic market as well.

What are the latest gold prices in major cities?

Gold prices remain high today in big cities of the country. 24 carat gold is being sold at around Rs 1.41 lakh per 10 grams. Whereas the price of 22 carat gold is around Rs 1.31 lakh per 10 grams. If we talk about 18 carat gold, its price remains around Rs 1.10 lakh per 10 grams. On the other hand, the market price of silver was seen at the level of around Rs 2.19 lakh per kg. However, there may be slight difference in prices due to taxes and local charges in different cities.

Why are the prices of gold and silver increasing?

According to market experts, the recent rise in crude oil prices has increased concerns about global inflation. Along with this, there is uncertainty regarding interest rates. In such an environment, investors are turning to gold as a safe investment. Apart from this, global economic signals, policies of central banks and international political situation are also affecting the prices of precious metals. This is the reason why there has been continuous rise and fall in the prices of gold and silver for the last few days.