If you are also planning to buy gold today, or are thinking of investing, then this news is very useful for you. Today i.e. on Friday, 18th September, gold prices have once again registered a rise. There has been a slight increase in the price of gold on the last trading day of the week, due to which the movement in the bullion market has intensified. Let us know what is happening in different cities of the country, the latest price of gold and silver.
Gold situation in Patna and Mumbai
Today in Patna, the capital of Bihar, gold of 24 carat purity was seen trading at the level of Rs 1,54,000 per 10 grams. Here the price of gold has increased by Rs 104, while in Patna the price of 22 carat gold was recorded at Rs 1.41 lakh today.
Similarly, in the country's financial capital Mumbai also, the price of 24 carat gold has reached Rs 1,54,000 per 10 grams. In the bullion market of Mumbai, the price of gold has increased by Rs 105 and here also the rate of 22 carat gold remains around Rs 1.41 lakh.
Tremendous surge in the markets of Lucknow and Delhi
In Lucknow, the capital of Uttar Pradesh, the price of gold was recorded at Rs 1,54,000 per 10 grams. In Lucknow, the price of gold has increased by Rs 109, while the price of 22 carat gold here was Rs 1,41,110 per 10 grams.
On the other hand, in the bullion market of the country's capital Delhi on Friday, gold of 99.9 percent purity became costlier by Rs 1,600 in one stroke and reached Rs 1,56,600 per 10 grams. On the previous trading day, the price of gold was Rs 1,55,000 per 10 grams. Apart from this, the shine of silver has also increased and the price of silver has taken a huge jump of Rs 5,000 to Rs 2,47,000 per kg, whereas on Thursday its price was Rs 2,42,000 per kg. Let us tell you that both these prices are inclusive of all taxes.
Why did the prices of gold and silver suddenly become expensive?
According to market experts, three major reasons are mainly responsible for this rise in gold prices. The first reason is the fall in crude oil prices, which has reduced people's concerns about inflation. The second reason is that investors have once again started buying in the bullion market after the recent selloff.
In the global market too, spot gold has strengthened by about 1.17 percent and reached $ 4,392.78 per ounce, while silver has also seen a strong rise of 3.10 percent. However, at the international level, the strong US dollar and treasury yields are still putting some pressure on the price of gold, but despite this, the inclination of customers in the domestic market remains towards gold.