Gold Silver Price Today: Gold fell since last 2 days, but silver shined, know the price of jewelery in your city?

Business Desk – Gold Rate Today In India: Gold has lost its shine today on May 2 amid the uncertainty spread in the global markets due to the ongoing conflict between America and Iran. After one day’s rise, gold prices have fallen for the second consecutive day.

In the national capital Delhi, the price of 10 grams of 24-carat gold has decreased by Rs 10 today, while 22-carat gold has also become cheaper by Rs 10. The price of 10 grams of 24-carat gold has fallen by Rs 2,360 in two consecutive days. The price of 22-carat gold increased by Rs 2,160. As far as silver is concerned, after falling for two days, its price in Delhi has increased for the second consecutive day. In these two days, the price of one kilogram of silver has increased by Rs 5,100.

After two days of decline, silver shines for the second consecutive day

In the case of silver, after two days of recession, prices have increased for the second consecutive day. After a fall of Rs 10,000 in the last two days, the price of one kilogram silver has increased by Rs 5,100 in the next two days.

Especially today, the price in Delhi has increased by Rs 100 per kg. Silver is currently being sold at Rs 2,55,100 per kg. Silver is being sold at the same price in other major metros Mumbai and Kolkata also. However, the price of one kilogram of silver in Chennai is Rs 2,64,900, making it the most expensive among the four major metros.

What is the future of gold prices?

Goldman Sachs believes gold prices are likely to rise, mainly due to purchases by global central banks and expectations of interest rate cuts in the United States. However, Goldman Sachs has also predicted a short-term softening in gold prices. The firm estimates that by the end of this year, the price of gold will reach Rs 1.63 lakh per 10 grams (which is equivalent to $5,400 per ounce).