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News India Live, Digital Desk: Gold Price Today: If you are planning to buy gold or silver, then there is a great news for you. The prices of precious metals have come down drastically, causing gold to come down significantly from its record level. This decline is being seen in both domestic and international markets.
Why did gold and silver become cheaper?
The main reason for this major fall in gold and silver prices is a decision from the US.
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American Federal Reserve Trial: The US Central Bank (Federal Reserve) has indicated that they are not in a hurry to cut interest rates right now.
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Its effect: When interest rates in the US are high, investors prefer to invest in dollars. This strengthens the dollar. Due to strong dollars, buying gold becomes expensive for other countries, causing gold demand to decrease and its prices start falling in the international market. This has also affected Indian markets.
How much has fallen?
Gold from its highest level (about ₹ 76,000 per 10 grams) Cheaper by ₹ 5,124 are done. Gold prices fall on futures market (MCX) ₹ 71,560 per 10 grams Has come on.
Similarly, silver prices have also declined a major decline. Silver futures fall on MCX ₹ 88,090 per kg But is doing business.
What are the latest rates of today? (Bullion market)
Prices of different gold sold in the market are as follows:
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24 carat gold: About ₹ 71,840 per 10 grams
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22 carat gold: Around ₹ 65,804 per 10 grams (most of the jewelry is made from this)
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18 carat gold: About ₹ 53,880 per 10 grams
This decline can be a good opportunity for those who want to buy gold for marriage or an investment.
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