gold price today
Gold-Silver Price Today: There was a decline in gold prices in the country for four consecutive days, but on the morning of November 7, this decline stopped and gold prices showed an increase. In the capital Delhi, the price of 24 carat gold has become Rs 122,730 per 10 grams, while the price of 22 carat gold was recorded at Rs 112,510 per 10 grams.
Gold prices have increased in other big cities also. In Mumbai, Chennai, Kolkata, Bengaluru and Pune, the price of 24 carat gold is around Rs 122,580 per 10 grams and the price of 22 carat gold is around Rs 112,360 per 10 grams.
Why did the price of gold increase?
There are many reasons behind this rise in the price of gold. The biggest reason is the ongoing government shutdown in America, which has become the longest shutdown so far. This increased uncertainty in the global financial markets and investors are turning to safer options. For this reason, investment in precious metals like gold and silver is increasing.
Apart from this, the fall in dollar also boosted the prices of gold and silver in India. When the dollar weakens, gold prices usually rise.
New gold rates in different cities
Silver price also increased
Like gold, the prices of silver have also increased. On November 7, the price of silver was recorded at Rs 152,600 per kg. Globally, the spot price of silver is $48.60 an ounce. Experts believe that both global and domestic factors affect the prices of gold and silver. American shutdown, movement of dollar, and investors’ sentiments in foreign markets directly affect the Indian market.