Gold and Silver Prices: If you are planning to buy gold or silver, then this news can bring a smile on your face. There has been a continuous decline in the prices of gold and silver in the domestic bullion market for the last one week. This is a relief news for the buyers of gold and silver because within a week their prices have come down significantly. This softening of prices is being seen due to international cues and sluggishness in domestic demand.
A big fall has been recorded in the prices of gold in the Indian markets. If we look at the data of the last seven days, 24 carat gold has slipped to Rs 6,680. At the same time, 22 carat gold used for jewelery has also become cheaper by about Rs 3,400. On Friday, June 12, there was a rise of Rs 3,000 in gold price in Delhi’s bullion market and it reached Rs 1,56,900 per 10 grams. At present, spot gold is trading at the level of $ 4,206.88 per ounce in the international market.
Latest gold prices in major cities (per 10 grams)
There is a slight difference in the prices of gold in different metros of the country. The latest rates today morning of 14th June are as follows:
City 24 carat gold price 22 carat gold price
Delhi ₹1,49,230 ₹1,36,800
Mumbai ₹1,49,080 ₹1,36,650
Kolkata ₹1,49,080 ₹1,36,650
Chennai ₹1,51,200 ₹1,38,600
Pune ₹1,49,080 ₹1,36,650
Bengaluru ₹1,49,080 ₹1,36,650
Heavy fall in silver prices also
Like gold, this week has also been good for investors and buyers of silver. There has been a huge decline of Rs 5,000 per kg in the price of silver on a weekly basis. Today on June 14, the price of silver remains at Rs 2,60,000 per kg. In the international market, spot silver is trading at $ 67.02 an ounce.
Why did gold and silver fall?
Gold and silver prices in the domestic market are influenced not only by local demand but also by global factors. The direct effect of the strength of the dollar and fluctuations in the global market is visible on the Indian bullion market. In such a situation, investors are advised to check the latest prices from registered jewelers of their city before purchasing.
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