look news india
New Delhi The shine of gold has faded for the third consecutive day in the Indian bullion market today. Amidst the ongoing global turmoil and demand trend in the domestic market, a decline in gold prices has been recorded in major cities across the country including Delhi. Not only gold, but the shine of silver has also reduced for the fifth consecutive day. There has been relief in the prices of 22 carat and 24 carat gold in the national capital Delhi today, which has provided some relief to common buyers and investors.
Gold prices fall in Delhi-NCR: Big savings of ₹1110 in two days
Today, 24 carat gold has become cheaper by ₹ 10 per 10 grams in the capital Delhi. Although this decline may seem minor, but if we look at the data of the last two days, there has been a huge reduction of ₹ 1110 per 10 grams in the price of 24 carat gold. At the same time, the price of 22 carat gold has also fallen by ₹ 1010 in two days. Currently, the price of 24 carat pure gold in Delhi remains at the level of ₹ 1,49,980 per 10 grams.
Movement in silver prices after 5 days, know the rates of big cities
The stability in the silver market for the last five days finally broke today. The price of one kg silver in Delhi has fallen by ₹ 100, after which now silver is being sold here at the rate of ₹ 2,49,900 per kg. Silver is at the same level in Mumbai and Kolkata, but in Chennai the price of silver remains the highest at ₹ 2,54,900 per kg. In South Indian cities, silver prices often remain high due to taxes and local demand.
Latest gold prices according to cities (per 10 grams)
Based on the purity of gold in different cities of the country, today’s prices are as follows:
| City | 24 carat (10g) | 22 carat (10g) | 18 carat (10g) |
|---|---|---|---|
| Delhi | ₹1,49,980 | ₹1,37,490 | ₹1,12,520 |
| Mumbai | ₹1,49,830 | ₹1,37,340 | ₹1,12,370 |
| Chennai | ₹1,51,190 | ₹1,38,590 | ₹1,15,590 |
| Lucknow | ₹1,49,980 | ₹1,37,490 | ₹1,12,520 |
| Bengaluru | ₹1,49,830 | ₹1,37,340 | ₹1,12,370 |
Effect of ceasefire and import duty: Will gold become cheaper?
According to market experts, the ceasefire between America and Iran in West Asia is having a direct impact on the prices of precious metals. With the threat of war averted, investors are now withdrawing money from gold, which is considered a ‘safe haven’. Along with this, the Indian Government has reduced the base import price of gold by 7.6% and silver by 14%, which will reduce the cost of jewelery companies, which can directly benefit the customers in the coming days. The monetary policy of RBI coming today will also play an important role in deciding the direction of the market.