look news india
New Delhi. If you were waiting to buy gold then this news is useful for you. Gold prices have once again fallen across the country. On the morning of April 29, the price of 24 carat gold in the capital Delhi slipped to Rs 151070 per 10 grams, whereas a day earlier in the bullion market of Delhi, gold had fallen by Rs 1800 i.e. 1.15 percent and closed at Rs 154300. In the international market, spot gold is trading at $ 4586.50 an ounce.
What is the price in Mumbai, Chennai and other cities?
In Mumbai and Kolkata, the price of 24 carat gold is Rs 150920 and that of 22 carat is Rs 138340 per 10 grams. 24 carat gold is the most expensive in Chennai at Rs 153810. In Pune and Bengaluru, the price of 24 carat is Rs 150920 and that of 22 carat is Rs 138340. The price of 24 carat gold in Lucknow, Jaipur and Chandigarh is Rs 151070 per 10 grams.
Why are gold and silver prices falling?
According to experts, the rise in crude oil prices and strong dollar are the main reasons for this decline. Due to the cost of crude oil, there is a risk of inflation increasing, which increases the possibility of interest rates remaining high for a long time. With higher interest rates, bonds appear more attractive to investors, due to which there is pressure on non-interest paying metals like gold and silver.
Silver also boomed – came at Rs 259900 per kg
Along with gold, the price of silver also continues to fall. On April 29, the price of silver fell to Rs 259900 per kg. A day ago, silver had fallen by about Rs 6500 i.e. about 3 percent in Delhi bullion market and closed at Rs 244000 per kg. Spot silver in the international market is at $ 73.18 per ounce.