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Business Desk – Gold Silver Price Today: On Monday (July 20), the first trading day of the week, there was movement in the prices of gold and silver again. As soon as the market opened on the Multi Commodity Exchange (MCX), gold rose. Its price reached Rs 1,41,322 per 10 grams. Whereas silver was seen trading at Rs 2,19,498 per kg. In the international market also, a slight increase was recorded in both the precious metals. In such a situation, if you are planning to buy gold or silver today, then definitely check the latest rate of your city.

What was the situation in MCX and international market?

On the last trading day on Friday, gold on MCX closed at Rs 1,41,006 per 10 grams and silver at Rs 2,16,499 per kg. A slight rise was seen in both on Monday. In the international commodity market COMEX (COMEX), the price of gold also increased by 0.15% to $ 4,024.90 an ounce. On Friday it closed at $ 4,023 an ounce. Silver rose by 1.85% to reach $57.370 an ounce. In the last trading session it closed at $ 56.22 an ounce.

What is the price of gold today in major cities of the country?

Even today, gold prices vary according to cities in the bullion markets of the country. In Delhi, 24 carat gold is being sold at Rs 14,343, 22 carat at Rs 13,144 and 18 carat at Rs 10,761 per gram. In Mumbai, 24 carat gold is Rs 14,328, 22 carat Rs 13,134 and 18 carat Rs 10,746 per gram. In Chennai, the price of 24 carat and 22 carat gold is Rs 14,328 and Rs 13,134 per gram respectively, while 18 carat gold is being sold at Rs 10,949 per gram.

Similarly, in Patna and Lucknow, 24 carat gold is Rs 14,328, 22 carat Rs 13,134 and 18 carat gold is Rs 10,746 per gram. Whereas in Ahmedabad, 24 carat gold is being sold at Rs 14,333, 22 carat at Rs 13,139 and 18 carat at Rs 10,751 per gram. In Bengaluru, 24 carat gold is Rs 14,328, 22 carat Rs 13,134 and 18 carat Rs 10,746 per gram.

silver price today

There is also a difference in the prices of silver according to the cities. Silver is being sold at Rs 2,29,900 per kg in Delhi. Its price in Chennai is Rs 2,34,900 per kg. Whereas in Mumbai, Kolkata, Bengaluru, Lucknow and Patna, silver is being sold at the price of Rs 2,29,900 per kg.

What do market experts say

Experts say that due to the ongoing tension in West Asia (Middle East), there is less possibility of major fluctuations in the prices of gold and silver, but the rise and fall may continue in the short term. According to him, the effect of tension between America and Iran is also visible on the prices of crude oil.

Brent crude has crossed $90 per barrel. Due to this, there is a possibility of inflation increasing. If inflation increases and the US Federal Reserve increases interest rates, it may affect the prices of gold and silver. However, since the beginning of tension in the Middle East, there has been continuous fluctuation in both the precious metals.