look news india
The prices of gold which have been continuously skyrocketing have finally got a break. On the morning of Friday, July 24, there was a relief news for the customers from the bullion market. Today, gold prices have fallen in most cities of the country. In the capital Delhi, the price of 24 carat gold has fallen to Rs 1,46,320 per 10 grams. At the same time, if you are a resident of Lucknow, then there is relief for you too because here also 24 carat gold is being sold at Rs 1,46,320 and 22 carat gold at Rs 1,34,140 per 10 grams. A day earlier, a fall of Rs 400 was recorded in gold of 99.9 percent purity in the Delhi market.
Why are gold prices falling?
Why are gold prices decreasing? Actually, the movement in the international market is the main reason behind this. Due to increasing tension between America and Iran, Brent crude oil has crossed $ 100 per barrel. Due to this, there is a fear of increasing inflation, due to which the possibility of increasing interest rates by the US Federal Reserve has increased. According to Reuters report, the price of spot gold in the international market has come down to $ 4,042.77 an ounce. According to experts, whenever interest rates increase, investors turn to other options instead of gold, which creates a negative environment for precious metals and reduces their prices.
Price of 24 and 22 carat gold today in major cities
Let’s take a look at the latest rates of 10 grams of gold today in big cities of the country:
| City | 22 carat gold price (₹) | 24 carat gold price (₹) |
| Delhi | 134140 | 146320 |
| Mumbai | 133990 | 146170 |
| Lucknow | 134140 | 146320 |
| Chennai | 135010 | 147290 |
| Kolkata | 133990 | 146170 |
| Ahmedabad | 134040 | 146220 |
| Hyderabad | 133990 | 146170 |
| Jaipur | 134140 | 146320 |
| Bhopal | 134040 | 146220 |
| Chandigarh | 134140 | 146320 |
The shine of silver also faded
Not only gold, but also silver prices have seen a softening today. On the morning of July 24, the price of silver has fallen to Rs 2,39,900 per kg. In the international market too, the price of spot silver has fallen to $ 57.56 an ounce, while platinum remains at $ 1,592.97 an ounce. If you are thinking of getting jewelry made for this festive season or weddings, then this fall can prove to be a good opportunity for you.