Strong rise in gold and silver prices in the country
Once again, there is a tremendous rise in the prices of gold and silver in the bullion market of the country, due to which the concerns of the common man have increased. Today, on the morning of September 19, the price of 24 carat gold in the capital Delhi has directly increased to a record level of Rs 1,54,580 per 10 grams. At the same time, in the financial capital Mumbai, 24 carat gold is being sold at the price of Rs 1,54,430 per 10 grams. According to experts, investors are once again returning to the bullion market after the recent selloff and the reduction in inflationary concerns due to softening of crude oil prices is being considered as the main reason for this rise.
Gold became costlier by Rs 1,600 in one stroke in Delhi
Just a day before this, a huge increase of Rs 1,600 was recorded in the price of gold of 99.9 percent purity in Delhi's bullion market. Amidst this rapid rise in gold prices, the ongoing tension in Middle East also remains a big risk for the global market. In such an uncertain environment, investors are increasingly turning to the safest option i.e. gold to avoid any risk, due to which the prices have gained further wings. Apart from this, gold also remains in a very strong position in the international market, where spot gold is trading at $ 4,390.11 an ounce. In the last one week, the price of gold has increased by about 1 percent at the global level.
What is the latest price of gold in major cities of the country?
In the capital Delhi, on the morning of September 19, 22 carat gold is priced at Rs 1,41,710 per 10 grams and 24 carat gold is priced at Rs 1,54,580 per 10 grams, which is slightly higher than many other big cities of the country. Whereas, if we talk about Mumbai and Kolkata, then the price of 22 carat gold is Rs 1,41,560 per 10 grams and 24 carat gold is being sold at Rs 1,54,430 per 10 grams.
Today in Ahmedabad city of Gujarat, 22 carat gold was recorded at Rs 1,41,610 and 24 carat gold was recorded at Rs 1,54,480 per 10 grams. In Chennai, the major center of South India, the price of 22 carat gold is trading at Rs 1,41,560 and 24 carat gold is trading at Rs 1,54,430 per 10 grams. In Hyderabad also, 22 carat gold is priced at Rs 1,41,610 and 24 carat gold is priced at Rs 1,54,430 per 10 grams. Talking about Jaipur and Lucknow of North India, here 22 carat gold is Rs 1,41,710 and 24 carat gold is Rs 1,54,580 per 10 grams, which is directly equal to Delhi. In Bhopal, the capital of Madhya Pradesh, 22 carat gold is being sold at Rs 1,40,140 and 24 carat gold at Rs 1,54,480 per 10 grams, while in Chandigarh, 22 carat gold is being sold at Rs 1,41,710 and 24 carat gold is being sold at Rs 1,54,580 per 10 grams.
Silver also went out of control, price crossed Rs 2.50 lakh
Along with gold, the shine of silver is also continuously increasing and on Saturday it surprised everyone by making a record. On the morning of 19th September, there was a huge jump in the price of silver and it directly reached the historical level of Rs 2,50,100 per kg. Not only in the domestic market, but also in the international market, the price of spot silver has jumped to $ 66.70 per ounce, which clearly shows that this bullish trend in precious metals is not going to stop yet.
Why are the prices of gold and silver touching the sky?
In a country like India, gold and silver prices are not decided only on the basis of local demand and supply. Many big global and economic reasons work behind this. The prices of metals in the international market, crude oil prices, inflation situation in the country, movement of the US dollar, geopolitical tension in West Asia and buying and selling of big investors directly affect the prices of gold and silver. At present, the return of investors and the ongoing developments in the global markets are playing the most important role behind this huge rise in the market.