Gold and Silver Price has slightly dimmed in early trade today, bringing a sigh of relief for buyers and investors. If you’ve been waiting for the right moment to invest in precious metals, this might be your chance!
Gold Prices Take a Small Dip
On Tuesday, the price of 24-carat gold dropped by Rs 10, with ten grams now trading at Rs 89,550, as per the GoodReturns website. Similarly, 22-carat gold also fell by Rs 10, bringing its price to Rs 82,090 per ten grams.
If you’re in Mumbai, Kolkata, or Chennai, the rate for ten grams of 24-carat gold remains the same at Rs 89,550. However, in Delhi, the price is slightly higher at Rs 89,700. For 22-carat gold in Delhi, ten grams now cost Rs 82,240.
Silver Prices Also Decline
It’s not just gold silver prices have also dropped! The price of one kilogram of silver declined by Rs 100, settling at Rs 1,02,800 in Delhi, Kolkata, and Mumbai. In Chennai, however, silver prices remain higher at Rs 1,11,800 per kilogram.
International Gold Prices Steady at Record Highs
On the global front, US gold held firm near the $3,000 per ounce mark, maintaining its all-time high from last week. Investors are keenly waiting for the US Federal Reserve’s policy decision, which could impact the metal’s future prices.
As of early Tuesday, spot gold was steady at $3,002.28 an ounce, just below its record high of $3,004.86 set on Friday. Silver in the international market saw a slight increase of 0.1%, reaching $33.86 per ounce. Platinum also gained 0.4% to reach $1,004.25, while palladium rose 0.5% to $969.77.
Is This the Right Time to Buy Gold
With gold and silver prices showing slight declines in India, many buyers might see this as an opportunity to invest. Whether you’re planning for the upcoming festive season or looking to secure your future wealth, keeping an eye on these fluctuations can help you make an informed decision. However, it’s essential to stay updated, as global market trends, inflation rates, and government policies can influence prices at any moment.
Disclaimer: Gold and silver prices fluctuate daily due to market trends, currency exchange rates, and government regulations. The rates mentioned in this article are subject to change. Please check with your local jeweler or financial advisor before making any investment decisions.
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