Silver rose by ₹4,000, gold also became costlier, check the latest price of 18, 22 and 24 carat:
News India Live, Digital Desk: Due to positive signals in the global market and increase in domestic demand, the prices of precious metals have returned to the rise today. Silver in particular has made investors happy with its huge jump.
Today’s price of gold (per 10 grams)
Today’s average prices as per India Bullion and Jewelers Association (IBJA) and retail market are as follows:
| Purity | Today’s price (18 Feb) | Yesterday’s price (17 Feb) | Change |
|---|---|---|---|
| 24 carat (99.9%) | ₹1,51,963 | ₹1,51,865 | + ₹98 |
| 22 carat (91.6%) | ₹1,39,198 | ₹1,39,108 | + ₹90 |
| 18 carat (75.0%) | ₹1,13,972 | ₹1,13,899 | + ₹73 |
Note: The above prices do not include GST and making charges. These prices may be slightly higher due to taxes in your city.
Stormy rise in silver prices
Today is a big day for silver lovers. Today the price of silver is around ₹4,084 per kg An increase of Rs. has been recorded.
Today’s Quote: ₹2,37,039 per kg
Yesterday’s price: ₹2,32,955 per kg
10 grams silver: ₹2,370
24K gold price (per 10 grams) in major cities
Slight difference in prices can be seen in big cities of the country:
Delhi: ₹1,54,340
Mumbai: ₹1,54,190
Chennai: ₹1,56,210
Kolkata: ₹1,54,190
Lucknow: ₹1,54,340
What is the main reason for the rise?
According to market experts, there are three main reasons behind this rise:
Global Demand: The demand for gold and silver as a safe investment has increased in the international markets.
Wedding season: The wedding season is about to begin in India, due to which the demand for retail jewelery has improved.
MCX Trend: Silver is trading with a gain of more than 3.4% in futures trading on Multi Commodity Exchange (MCX).
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