Gold Rate Today In India: Big fall in the prices of gold and silver, know today’s latest price?

Despite rising tensions in West Asia, the US dollar and rising Treasury yields put pressure on gold and silver, causing them to slip. Gold has lost its shine for the third consecutive day, while silver has fallen for the second consecutive day.

Talking about gold, after rising for three consecutive days, its prices have declined for the third consecutive day. In the capital Delhi, 24 carat gold has fallen by Rs 10 per ten grams and 22 carat gold has fallen by Rs 10 per ten grams.

After rising by 12,070 in three days, 24 carat gold has fallen by 5480 in three days. 22 carat gold has also fallen by Rs 5010 in three days after increasing by Rs 11,050 in three days.

Silver prices fall by Rs 20,000

After a day’s gain, silver prices fell by Rs 20,100 per kg in Delhi. Earlier, it had become costlier by Rs 20,000 per kg in a single day, but since then, one kg silver has become cheaper by Rs 20,100 in two consecutive days.

As of today, its price in Delhi has fallen by Rs 100 per kg and is selling at Rs 2,94,900. In other big cities, it is being sold at this price in Mumbai and Kolkata. In Chennai it is being sold at Rs 3,14,900 per kg, which means silver is the most expensive among the four cities.

What is the overall situation?

In recent times, the US dollar index has strengthened, due to which the demand for gold and silver seems to be decreasing. This index measures the strength of the dollar against six major currencies. When the dollar strengthens, it usually puts pressure on gold prices.

The reason for this is simple: when the dollar is strong, investors favor dollar-denominated assets, while gold and silver lose interest.

Talking about West Asia, the ongoing feud between Iran and US-Israel continues without any stop. Both sides are continuously attacking. The tussle is strengthening the dollar as energy prices rise.