gold Silver
If you are planning to buy gold or silver, then this news is important for you. In the last one week, there has been a significant rise in the prices of both gold and silver. While 24 carat gold has become costlier by around Rs 1,800 per 10 grams, the price of 22 carat gold has increased by Rs 1,650. On the other hand, the price of silver has registered an increase of Rs 10,000 per kg in a week.
What is the latest price of gold today?
According to the prices released on the morning of July 26, 24 carat gold is trading at Rs 1,45,080 per 10 grams in the capital Delhi. Whereas the price of 22 carat gold is Rs 1,33,000 per 10 grams. If we talk about Mumbai, then here the price of 24 carat gold is Rs 1,44,930 and 22 carat gold is being sold at Rs 1,32,850 per 10 grams. In Chennai, 24 carat gold is Rs 1,45,090 and 22 carat gold is Rs 1,33,000 per 10 grams. At the same time, the price of gold in Pune, Bengaluru and Kolkata also remains almost equal to that of Mumbai. However, on Friday, a fall of about Rs 2,000 was recorded in the price of gold of 99.9 percent purity in the Delhi bullion market. Despite this, gold prices are still on the rise for the entire week.
Silver also became expensive
Along with gold, the prices of silver also remain high. On July 26, the price of silver in the country reached Rs 2,40,000 per kg. That means, in the last one week, silver has become costlier by about Rs 10,000 per kg. However, in Indore bullion market on July 25, a slight decline of Rs 500 per kg was recorded in the price of silver and the average price was Rs 2,22,500 per kg.
What is the condition of the international market?
Even in the global market, the prices of precious metals remain at high levels. The price of spot gold is around $ 4,052.78 per ounce, while spot silver is trading around $ 58.11 per ounce.
Why do the prices of gold and silver change?
Gold and silver prices in India do not depend only on domestic demand. Many factors decide their prices like the price of raw materials in the international market, movement of rupee against dollar, policies of central banks, interest rates, global economic conditions and investors’ purchases. This is the reason why many times the effect of fluctuations in the international market is seen in the Indian market also. If you are planning to invest or buy jewellery, then definitely check the latest rates in your city before purchasing.
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