If you are planning to buy gold then there is great news for you! Gold prices continue to fall in the country, making this a great opportunity to buy gold. Gold prices have fallen for the third consecutive week. In the last one week alone, 24 carat gold has become cheaper by Rs 980 and 22 carat gold by Rs 1160 per 10 grams.
Experts say that due to the strengthening of the US dollar and the policies of the Federal Reserve, the demand for gold, which is considered a safe investment, has decreased, which has put pressure on prices.
Let us know the latest prices of today (November 10) in some big cities of the country:
- Delhi: Here the price of 24 carat gold is Rs 1,22,160, while the price of 22 carat gold is Rs 1,11,990 per 10 grams.
- Mumbai, Chennai, Kolkata: In these three metros, 24 carat gold is being sold at Rs 1,22,010 and 22 carat gold is being sold at Rs 1,11,840 per 10 grams.
- Pune and Bengaluru: In these cities also, the price of 24 carat gold is Rs 1,22,010 and that of 22 carat gold is Rs 1,11,840 per 10 grams.
Gold price in different cities (per 10 grams):
| City | 22 carat gold price(₹) | 24 carat gold price(₹) |
| Delhi | 1,11,990 | 1,22,160 |
| Mumbai | 1,11,840 | 1,22,010 |
| Ahmedabad | 1,11,890 | 1,22,060 |
| Chennai | 1,11,840 | 1,22,010 |
| Kolkata | 1,11,840 | 1,22,010 |
| Jaipur | 1,11,990 | 1,22,160 |
| Lucknow | 1,11,990 | 1,22,160 |
Silver also became cheaper
Following the path of gold, silver prices have also declined. On November 10, the price of silver has come down to Rs 1,52,400 per kg.
So will gold remain cheap in future also? Know what experts say
Even though gold is getting cheaper now, experts believe that the bullish phase of gold is not over yet.
- Goldman Sachs estimates that gold could reach $4,900 an ounce by December 2026.
- ANZ believes it will be at $4,600 an ounce by the middle of next year.
This means that the current downturn could be a great opportunity for long-term investors.
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