look news india
New Delhi: Today there is a contradiction in the movement of gold and silver in the Indian bullion market. While on one hand the prices of gold have increased for the second consecutive day, on the other hand there is news of relief for silver buyers. A slight increase of ₹ 10 per ten grams was seen in the price of 24 carat and 22 carat gold in Delhi’s bullion market today. However, if we look at the trend of the last two days, gold has become cheaper by around ₹ 1480, which can be a buying opportunity for investors.
Gold condition in metros: What are the rates from Delhi to Chennai?
Today there has been a slight change in the prices of gold in major cities of the country. In the national capital Delhi and the city of Nawabs, Lucknow, the price of 24 carat gold has reached ₹ 1,54,090 per 10 grams. At the same time, gold is being sold most expensive in Chennai, South India, where the price of 24 carat is ₹ 1,55,140. Prices remain stable in Mumbai, Kolkata and Bengaluru.
Latest city wise gold prices (per 10 grams):
| City | 24 carat (₹) | 22 carat (₹) | 18 carat (₹) |
|---|---|---|---|
| Delhi/Lucknow | 1,54,090 | 1,41,260 | 1,15,610 |
| Mumbai/Bangalore | 1,53,940 | 1,41,110 | 1,15,460 |
| Patna/Ahmedabad | 1,53,990 | 1,41,160 | 1,15,510 |
| Chennai | 1,55,140 | 1,42,210 | 1,18,660 |
Silver prices fall, highest prices in Chennai
In contrast to the rise in gold, a decline in the price of silver has been recorded today. In Delhi, silver fell by ₹100 to ₹2,54,900 per kg. Earlier on April 13, a big fall of ₹ 5000 was seen in silver. Silver is at the same price in Mumbai and Kolkata too, but in Chennai you will have to spend ₹ 2,65,100 for one kg of silver. Market experts believe that silver is currently in the phase of profit booking.
Why is the market unstable? Know expert opinion
Global reasons are most important behind this movement in the bullion market. According to experts at JM Financial Services, the ongoing diplomatic tussle between the US and Iran in Western Asia has increased uncertainty in the market. Whenever war or political instability increases at the international level, investors consider gold as the safest investment. The movement of gold and silver in the coming days will largely depend on the outcome of the second round of talks between America and Iran.
