Big fall in the prices of gold and silver, 24 carat gold is around ₹ 1.55 lakh, check the latest rate of your city.

News India Live, Digital Desk: The shine of gold was somewhat dull in the Indian bullion market today. According to India Bullion and Jewelers Association (IBJA), the price of 24 carat gold has fallen by almost ₹143 per 10 grams to ₹1,55,525. At the same time, a huge fall of more than ₹ 2,000 per kg has been seen in the prices of silver, due to which it is trading around ₹ 2.50 lakh. Today’s latest price (per 10 grams) Gold prices on the basis of purity are as follows (without GST and making charge): PurityToday’s price (18 March)Tomorrow’s price (17 March)Change 24 carat (999)₹1,55,525₹1,55,668- ₹143 ↓22 carat (916)₹1,42,461₹1,42,592- ₹131 ↓18 carat (750)₹1,16,644₹1,16,751- ₹107 ↓Silver (per kg)₹2,50,163₹2,52,340- ₹2,177 ↓Export to SheetsGold status in metros (24 carat – 10 grams)Retail prices may vary slightly across major cities:Delhi: ₹1,56,240Mumbai: ₹1,56,510Chennai: ₹1,56,970 (most expensive)Kolkata: ₹1,56,310Jaipur/Lucknow: ₹1,55,820Why did the prices fall? (Market Analysis)US Fed Meeting: Investors have booked profits before the seasonal policy meeting of the US Federal Reserve. The market expects that the interest rates may remain stable in the range of 3.5% to 3.75%. Dollar Index: The pressure on gold has increased due to the strength of the dollar in the international market. Middle East Tension: Although the demand for gold remains as a safe investment due to the Iran-Israel conflict, at the moment technical correction dominates. MCX Update: April futures gold is trading around ₹ 1,55,649 on Multi Commodity Exchange (MCX). While May futures silver has been seen at the level of ₹2,51,118 per kg.