Gold-Silver Rate Today: Big jump of Rs 6,540 in gold in a week, silver also became costlier by Rs 5,000

Gold-Silver Rate Today In India: There has been a very sharp increase in the price of gold in the Indian market on a weekly basis. Within the last one week itself, the price of 24 carat gold has increased by Rs 6,540. On the other hand, the price of 22 carat gold has also increased to Rs 6,470. Along with gold, there is a continuous rise in the prices of silver also.

In the capital Delhi today, on May 17, the price of 24 carat gold was recorded at Rs 1,57,080 per 10 grams. Gold and silver prices within the country are greatly influenced by domestic as well as global factors. Due to fear of international tension and inflation, investors have adopted a cautious approach. Due to this, there is a big change in the rates of these precious metals.

gold price in metros

In Delhi, the price of 24 carat gold is Rs 1,57,080 and the price of 22 carat gold is Rs 1,44,000. The price of 22 carat gold in Mumbai and Kolkata is Rs 1,43,850 per 10 grams. In both these cities, the price of 24 carat gold has been recorded at Rs 1,56,930 per 10 grams. In Chennai, the price of 24 carat gold is Rs 1,60,910 and the price of 22 carat is Rs 1,47,500.

In Pune and Bengaluru, the price of 24 carat gold has been recorded at Rs 1,56,930 per 10 grams. In both these big cities, the price of 22 carat gold has reached Rs 1,43,850 per 10 grams. Even in Ahmedabad and Bhopal, the price of 24 carat gold remains at Rs 1,56,980. The gold rate in Chandigarh, Jaipur and Lucknow is at the level of Rs 1,57,080 per 10 grams.

Huge jump in the price of silver

The price of another precious metal, silver, also continues to increase by Rs 5000 on a weekly basis. On the morning of May 17, the price of silver was recorded at Rs 2,80,000 per kg. In the month of January this year, the price of silver in the country had crossed the figure of Rs 4 lakh. Currently, spot silver in the international market remains at $78.21 an ounce.

Recently, the government has increased its strictness regarding the import of silver bars. Now it has been made completely mandatory to obtain permits for all categories with 99.9% purity. On Friday, May 15, a slight decline in the prices of gold and silver was seen in the bullion market. However, overall there has been a strong rise in prices on a weekly basis.

Also read: Government’s big action on import of silver, now permission has to be taken before buying, many more major changes in the rules

Global causes and inflation

Spot gold in the international market has reached $ 4,548.46 per ounce. There is a big fear of inflation increasing due to lack of reconciliation between America and Iran and non-opening of the Strait of Hormuz. There is a strong possibility of inflation increasing due to interruption in the supply of crude oil and gas. Due to these uncertainties, investors have booked huge profits in the market.