Gold and silver prices are always in the discussion, especially in a country like India, where it is not only a means of investment but also has cultural and religious significance. Recently, there has been a huge decline in gold prices, which has shocked investors and buyers. In this article, we will tell you what the fresh prices of gold and silver are on this day and why this decline is happening.
Gold price today: observation table
| Description | Acquaintance |
| 24 carat gold price | ₹ 90,660 per 10 grams |
| 22 carat gold price | ₹ 83,100 per 10 grams |
| 18 carat gold price | ₹ 67,990 per 10 grams |
| 1 gram 24 carat gold | ₹ 9,066 |
| Fresh silver | ₹ 94,000 per kg |
| Previous highest level | ₹ 93,380 per 10 grams |
Why did gold prices fall?
Gold prices depend on many factors such as global market, currency exchange rates and demand-supply. Recently, there has been a decline in gold prices due to weak trends and dollar strength in global markets.
- Global market: It put pressure on its prices due to low demand for gold in international markets.
- Dollar Index: Gold becomes expensive when the dollar is strong, which reduces its demand.
- Local demand: In India, the demand has been relatively low even before festivals like Akshaya Tritiya.
Gold prices of today’s major cities
Gold prices vary in different cities across the country. Here are today’s expressions of some major cities:
- Delhi: ₹ 90,660 (24 carats)
- Mumbai: ₹ 90,530 (24 carat)
- Chennai: ₹ 91,300 (24 carat)
- Kolkata: ₹ 90,450 (24 carat)
Gold prices fall: opportunity or threat to investors?
Investors see the fall in gold prices in two ways:
- Opportunities: For those who have been planning to buy gold for a long time, this may be the right time.
- Danger: Investors who bought gold at a high price may suffer losses.
Silver prices also fell
Silver prices have also fallen considerably in the last few days. Currently silver is ₹ 94,000 per kg. This is believed to be the biggest decline in four months.
Gold and silver perform on MCX
Gold and silver are also weak performance on MCX (Multi Commodity Exchange).
- The June delivery price on MCX was ₹ 88,130 per 10 grams.
- May delivery silver was trading at ₹ 87,431 per kg.
Things to keep in mind while buying gold
If you are thinking of buying gold at this time, then keep in mind the following things:
- Puretha Branches: Hanse Humsha Humsha Hallmark Sona Buy.
- Compare price: Compare prices from different jewelers.
- Plan future: Plan to get long returns while investing.
Will the price increase in the coming days?
Experts believe that the market will remain unstable in the coming weeks. MCX Gold has expressed the possibility of reaching ₹ 91,500 by next week. However, it will completely depend on the global market and local demand.
Disclaimer:
The information given in this article is based on various sources and market analysis. Consult your financial advisor before investing. Given the current situation, it is difficult to say whether this fall is permanent or temporary.
