today’s gold prices
Gold-Silver Price Today: By the morning of 6th November, gold prices have come down in the capital Delhi including Mumbai, Chennai, Kolkata and other cities. This fall in gold has come for the fourth consecutive day. Both investors and customers are curious whether this is the right time to buy gold or whether prices may go further down, but uncertainty remains.
Continuous decline in gold price
In the national capital Delhi, the price of 24 carat gold has decreased to ₹ 1,21,620 per 10 grams. At the same time, 22 carat gold is now being sold at ₹ 1,11,490 per 10 grams. Due to softening of gold prices in the international market for the last few days, the prices are falling in the domestic market also. According to experts, the strengthening of the dollar and the fall in global gold prices have had a direct impact on the Indian markets.
Rate of 10 grams of gold in major cities of the country
Silver also became cheaper
Not only gold, silver prices have also come down. On November 6, the price of silver was recorded at ₹ 1,50,400 per kg, which is about ₹ 500 less than the previous day. This is the fourth consecutive day when silver prices have fallen.
Reason for falling prices
According to experts, this fall in the prices of gold and silver is due to the recession in the international market and the strength of the dollar. Apart from this, fluctuations in oil prices and discussions taking place at the global level regarding interest rates have also affected precious metals. A decline in demand is also being seen in the domestic market as many buyers are waiting for the prices to stabilize before Diwali.
Prices may increase further?
Experts say that there is still instability in the international market, due to which the prices of gold and silver may also fluctuate. But, for those who are thinking of investing in gold, this decline can prove to be a good opportunity.