There has been a rise in the prices of gold and silver for many days, but today i.e. on 25th November, there was a decline in their prices. According to IBJA, the price of 24 carat gold has fallen on Monday. The price of 10 grams of gold has decreased by Rs 706 to Rs 77,081. At the same time, the price of one kg of silver has decreased by Rs 1,405 to Rs 89,445 per kg. Earlier on Friday, the price of silver was Rs 90,850 per kg.
This year, a bumper rise was seen in the prices of gold and silver. Gold has reached an all-time high of Rs 79,681 per 10 grams on October 30. At the same time, silver also made its high on 23 October.
Gold price in Delhi and Mumbai
Today in Delhi, the price of 22 carat gold is Rs 72,150 and the price of 10 grams of 24 carat gold is Rs 78,700. At the same time, today the price of 10 grams of 22 carat gold in Mumbai is Rs 72,000 and the price of 10 grams of 24 carat gold is Rs 78,550.
Gold rate in Kolkata and Chennai
Today in the country’s metropolitan city Kolkata, the rate of 10 grams of 22 carat gold is Rs 72,000 and the rate of 24 carat gold is Rs 78,550. At the same time, the price of 10 grams of 22 carat gold is Rs 72,000 and the price of 10 grams of 24 carat gold is Rs 78,550.
According to IBJA, so far this year the price of gold has increased by Rs 13,729. At the same time, the price of silver has increased by Rs 16,050. On January 1, gold was at Rs 63,352 per 10 grams, which has now reached Rs 77,081 per 10 grams. At the same time, the price of 1 kg silver has increased from Rs 73,395 per kg to Rs 89,445 per kg.
What do experts say
According to Manish Sharma, AVP, Commodities & Currencies, Anand Rathi Shares & Stock Brokers, gold fell by more than one per cent on Monday as there were reports that Israel is nearing a ceasefire with Lebanon’s Hezbollah. However, much of this week’s new upside depends on developments in Russia-Ukraine, where investors are advised to remain cautious, as any further upside could trigger another short-covering move in gold. . Sharma said the focus on dollar strength amid macroeconomic data, including the US personal consumption expenditure (PCE) price index, would be important for inflation signals in the near term, which could prevent a sharp rise in the near term.