Gold Price Today
Gold-Silver Price Today: In today’s market, there has been some softening in the prices of gold and silver. In such a situation, both investors and buyers are entangled in the question whether now is the right time to buy gold or the price can fall further? However, further signs about this are not currently clear.
At present, 24 carat gold is being sold up to Rs 1,10,519 per 10 grams in many cities of India, while the price of 22 carat gold is up to Rs 1,01,310 per 10 grams. On the other hand, talk about silver, today it is available at Rs 1,29,900 per kg. Gold prices are almost the same in big cities like Mumbai, Chennai, Hyderabad and Bangalore. At the same time, cities like Delhi, Jaipur and Ahmedabad are showing a lot of reshuffle. Let’s know what is the price of gold in the major cities of the country…
Gold prices in your city
| City | 22 carat (₹/10 grams) | 24 carat (₹/10 grams) |
|---|---|---|
| Delhi | 1,01,460 | 1,10,670 |
| Jaipur | 1,01,460 | 1,10,670 |
| Ahmedabad | 1,01,360 | 1,10,570 |
| Patna | 1,01,360 | 1,10,570 |
| Mumbai | 1,01,310 | 1,10,519 |
| Hyderabad | 1,01,310 | 1,10,519 |
| Chennai | 1,01,310 | 1,10,519 |
| Bengaluru | 1,01,310 | 1,10,519 |
| Kolkata | 1,01,310 | 1,10,519 |
Weakness also seen on MCX
Gold and silver prices have also declined on the futures market i.e. MCX (Multi Commodity Exchange). In early trade, gold fell 0.25% to Rs 1,08,718 per 10 grams, while silver fell 0.08% to Rs 1,25,080 per kg. Commodity experts believe that this decline can be temporary as the market is currently monitoring the latest data of US inflation.
Impact of inflation data
Experts say that in the month of August, the Producer Price Index (PPI) has fallen by 0.1% in the US, which has given a little support to gold and silver prices. Apart from this, policies can also affect gold-silver movements on Jio Political Tension, Central Bank’s procurement of gold and interest rates of America’s Federal Reserve,
Can gold be ahead and cheaper?
According to market experts, if the dollar is weak or the US indicates a cut in interest rates, gold prices may rise further. On the other hand, if inflation comes under control and interest rates remain stable, then there is a possibility of fall in prices.