Today’s Gold-Silver Price: Gold-Silver price skyrocketed! The common man’s eyes rolled, know today’s rate

• The price of silver crossed two lakhs
• 1,34,520 per 10 grams of 24 carat gold in Mumbai
• Chances of another interest rate cut by the Federal Reserve

Today’s Gold-Silver Price: Gold and silver prices have skyrocketed in the past few days. Due to which the eyes of common consumers have turned. If you want to know the rates in your city to buy gold or silver jewelery for the ongoing wedding and upcoming festivals, this news is specially for you..

In the recent past, the price of gold and silver has increased the fear of common consumers and there has been a lot of excitement in the domestic bullion market. Because, gold and silver jewelery has gone beyond even the thought of buying. Because, the current rates have gone beyond the affordability of the common man.

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The domestic bullion market saw gold and silver decline on Thursday, December 18 due to a slight rise in the US dollar and profit-taking. In the Indian bullion market, gold prices fell by Rs 263 to Rs 1,34,631 per 10 grams. is, while the price of silver is 1187 Rs. It got cheaper by Rs 1,06,251 per kg. The previous day, however, on December 17, gold prices continued to rise for the fifth day in a row.

Silver prices also hit a record high once again with silver prices rising 4.2% to Rs 2,06,111 per kg, making silver prices up 135 percent year-to-date, almost double that of gold. Since September, these figures have led to three consecutive interest rate cuts. And then the US Federal Reserve raised the possibility that it would cut interest rates again.

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Due to the growing geopolitical tension in the world, the demand for gold and silver is continuously increasing. And while US President Donald Trump has ordered an immediate blockade of all sanctioned oil tankers entering and leaving Venezuela, the escalating military activity appears to have increased pressure on Venezuelan President Nicolas Maduro.

Gold rate in financial capital Mumbai

Demand for precious metals such as gold and silver is increasing due to a weak US economy and rising geopolitical tensions. Due to which the demand for safe investment is also increasing. In the Indian domestic Mumbai bullion market, 24 carat gold is priced at Rs 1,34,520 per 10 grams, while 22 carat gold is priced at Rs 1,23,310. 1,00,890 per 10 grams of 18 carats.