Gold-Silver Rate Today: Big fall in gold prices in the country, silver also became cheaper, know today’s price

Gold-Silver Rate Today In India: The direct impact of the ongoing huge tension in the Middle East is clearly visible not only on the entire world but also on the Indian bullion market. Inflation in the country is continuously increasing day by day, due to which there is huge pressure on the general public. But meanwhile, the long rise in gold prices in the country’s bullion market has suddenly come to a halt. On the morning of Saturday, May 23, there was a big fall in the prices of gold and silver in the domestic market.

In the capital Delhi, gold of 24 carat purity has fallen to Rs 1,59,630 per 10 grams. Whereas in the country’s financial capital Mumbai, its price has been recorded at Rs 1,59,480 per 10 grams. A day ago, gold of 99.9 percent purity was priced at Rs 1,64,900 per 10 grams in Delhi’s bullion market. This fall is a very big and good news for all the common customers buying jewelry.

fall in silver prices

Along with gold, a huge decline in the prices of silver has also been clearly recorded in the market. On the morning of 23 May, silver in the Indian market fell directly to the level of Rs 2,84,900 per kg. Earlier in the month of January this year, silver had crossed the record level of Rs 4 lakh per kg.

Today’s price in major cities

In other big cities of the country also, there has been a significant softening in the prices of gold today, which is a relief to the customers. In Chennai, 24 carat gold is available at Rs 1,61,230 and 22 carat gold is available at Rs 1,47,790 per 10 grams. Whereas in Kolkata and Hyderabad, the price of 24 carat gold is Rs 1,59,480 and 22 carat is Rs 1,46,190 per 10 grams. In Ahmedabad, Jaipur, Bhopal, Lucknow and Chandigarh, the price of 24 carat gold is around Rs 1,59,630. The price of 22 carat gold in all these major cities has been recorded at Rs 1,46,240 per 10 grams today. Investors are keeping a close eye on all these local prices so that they can make their investments at the right time.

Even in the international market, spot gold is continuously doing business around $ 4,522.32 per ounce. Along with this, spot silver is trading around $ 75.87 per ounce in the international market. These global rates are having a direct and deep impact on India’s domestic bullion market as well.

Also read: Big warning for crores of SBI customers! Banks will remain closed for the next 6 days, know what is the alternative

Reason for falling prices

According to leading market experts, investors remain very cautious regarding the diplomatic talks between America and Iran. The ongoing tensions in the Middle East and the situation related to the Strait of Hormuz are impacting the prices of precious metals. Globally, the instability of crude oil and fluctuations in the rupee are also badly affecting the gold rate.