Gold-Silver Rate Today In India: Once again the price of precious metals has increased very fast in the Indian market. The ongoing fierce conflict and geopolitical tensions in the Middle East have had a direct impact on the market. Diplomatic efforts are still continuing in this big dispute going on between America and Iran. Due to all these global circumstances, investors have increasingly turned towards safe investments.
Gold and silver prices opened with a huge jump during morning trading on MCX on July 21. The slight softening of crude oil prices in the international market has also greatly supported this rise. The price of Brent crude has currently fallen below $90 per barrel, which is a big reason. The market environment has also changed due to the news of America completely ending its air strikes on Iran.
latest gold prices
A spectacular increase of 0.63 percent has been clearly recorded in the gold prices on MCX today. With this, the price of gold has increased by Rs 881 to Rs 1,42,279 per 10 grams. According to the data, on January 29, gold was at its historic and huge all-time high of Rs 1,93,096. At present it has become cheaper by about Rs 50,817 from its all-time high level.
rise in silver prices
Along with gold, a huge increase of 1.11 percent has been recorded in the prices of silver also today. The price of 1 kg silver on MCX has increased by Rs 2675 to Rs 2,20,825. The all time high of silver was Rs 4,20,048, due to which it is currently very cheap at Rs 1,99,223. According to data, the price of silver has now come down to almost half from its highest level.
Gold price in major cities
The direct effect of this huge rise in MCX is being seen in many major and big cities of India. The same benchmark rates are applicable in major cities like the country’s capital Delhi, financial capital Mumbai, Kolkata and Chennai. In the local markets of all these big cities, the price of 10 grams of gold is around Rs 1,42,279. Due to these big changes happening at the international level, there is a lot of activity in the bullion markets of all these cities.
Also read: Share Market: Market falls on the second day of the week, Sensex starts in the red; Effect of weekly expiry
Experts’ opinion and market trend
According to market experts, the warning of naval blockade on Saudi Arabia by Houthi rebels is very worrying. The US Federal Reserve and other central banks are tightening monetary policy to curb rising inflation. Due to all these global circumstances, gold and silver are being considered the best and safest option for investors. The recent important meeting between Lebanon and America has also greatly affected the entire trade of precious metals.
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