Business Desk – Gold Silver Price Today: Looking at the trends of global commodity markets, a rise in the prices of gold and silver is being seen in the domestic market today. On the Multi Commodity Exchange of India (MCX), gold prices opened at Rs 152,700 per 10 grams, while silver opened at Rs 255,835 per kg. This boom in the commodity market may prove beneficial for investors, but may become a cause of concern for common buyers.
How much did the prices of gold and silver increase today?
After the rise on MCX yesterday, gold rates closed at Rs 152,219 per 10 grams. Silver rates closed at Rs 253,800 per kg. Compared to yesterday’s closing prices, gold prices today rose by Rs 481 per 10 grams, while silver prices saw an increase of Rs 2,035 per kg.
This rise is an effect of the huge fall seen in crude oil prices yesterday. If the ongoing tension in the Middle East subsides soon, the gold and silver markets may become stable once again. Market experts have also indicated that unless the situation in the Middle East improves, the commodity markets are likely to remain volatile. In such a situation, investors can choose to book profits whenever they see a rise in prices.
Gold prices today in your city (24-karat, 22-karat, and 18-karat)
In the national capital Delhi, the price of 24-carat gold was recorded at Rs 152,290 per 10 grams. At the same time, the price of 22-carat gold stood at Rs 139,610 per 10 grams, and the price of 18-carat gold was Rs 114,300 per 10 grams.
Gold prices remain at a high level in Delhi market.
Prices have remained largely the same in Mumbai, Bhopal and Hyderabad. In Mumbai, 24-carat gold was seen trading at Rs 152,460 per 10 grams. Here, the price of 22-carat gold stood at Rs 139,750, while the price of 18-carat gold was Rs 114,340. In Bhopal, the price of 24-carat gold was recorded at Rs 152,510 per 10 grams. Whereas 22-carat gold was at 139,800 and 18-carat gold was at 114,390. Meanwhile, gold prices in Hyderabad remained almost at the same level.
Gold is most expensive in Chennai
Today gold prices were the highest in Chennai. Here, the price of 24-carat gold was recorded at Rs 153,830 per 10 grams. Apart from this, the price of 22-carat gold was Rs 141,010 and the price of 18-carat gold was Rs 117,710 per 10 grams. These rates are higher than other major cities.
Prices also high in Kolkata and Bengaluru
Gold prices remained high in Kolkata and Bengaluru also. In both cities, the price of 24-carat gold was recorded at Rs 152,460 per 10 grams. Meanwhile, the price of 22-carat gold stood at Rs 139,750 and the price of 18-carat gold stood at Rs 114,340 per 10 grams.
today’s silver prices
A faster rising trend is being seen in the prices of silver as compared to gold. After increasing tension in the Middle East, silver has also seen more fluctuations than gold. Today, the price of 1 kg silver reached Rs 265,100 in Delhi, Mumbai, Kolkata and Bengaluru, while in Chennai the rate increased to Rs 275,100 per kg.
Investors are keeping a close eye on gold rates
Due to fluctuations in the international market and increasing interest of investors, gold prices are continuously fluctuating. According to experts, the rising trend and fluctuations in gold rates are likely to continue in the coming days.
