Gold and silver prices fell before the budget, know how much they became cheaper?

The price of gold and silver has fallen today i.e. on 22 July. According to the website of India Bullion and Jewelers Association, 10 grams of 24 carat gold has fallen by Rs 234 to Rs 73,006. Yesterday its price was Rs 73,240 per 10 grams. At the same time, one kilogram of silver is being sold at Rs 88,328 per kg, down by Rs 655. Earlier silver was at Rs 88,983 per kg. This year silver touched its all-time high of Rs 94,280 per kg on 29 May.

gold silver price

On Monday, gold for August 5 delivery is trending at Rs 73,035 per 10 grams on the Multi Commodity Exchange, while gold for October 4 delivery is trending at Rs 73,480 per 10 grams. Apart from this, gold for December 5 delivery is trading at Rs 73,918 per 10 grams. Talking about the latest prices of silver, on Monday, silver for September 5 future delivery is trading at Rs 89,301 per kg on MCX, while silver for December 5 future delivery is trending at Rs 91,805.

Let us tell you that so far this year, the price of gold has increased by Rs 9,654 per 10 grams. At the beginning of the year, it was at Rs 63,352, which is now at Rs 73,006 per 10 grams. Meanwhile, at the beginning of the year, silver was at Rs 73,395 per kg. Which has now reached Rs 88,328 per kg. That is, this year silver has increased by Rs 14,933.

gold silver price

According to experts, the price of gold may increase in the next one year. According to a report, by mid-2025, the price of gold may reach $3000 (Rs 2.5 lakh) per ounce i.e. Rs 88,450 per 10 grams. According to experts, the price of silver in the domestic market may reach Rs 1.25 lakh in the next 12-15 months.