look news india
New Delhi. If you have been searching for the right time to buy gold for a long time, then the morning of 30th April has brought another good opportunity for you. Gold prices have once again come down in all major cities across the country. In Delhi, 24 carat gold came at Rs 150580 per 10 grams whereas a day earlier it had fallen by Rs 1500 i.e. one percent and closed at Rs 152800. In the international market, spot gold is trading at $ 4573.75 per ounce.
Three big reasons which are making gold cheaper
There are mainly three reasons behind this decline. First, profit-taking has intensified in the market. Second, due to the ongoing tension in West Asia, crude oil prices are rising, which has created a fear of rising inflation. Third, in the same environment, the US central bank Federal Reserve kept interest rates stable in the range of 3.50 to 3.75 percent for the third consecutive time in its April meeting. Higher interest rates weaken non-interest bearing metals like gold.
See city wise latest gold price of 30th April
In Delhi, 24 carat gold is at Rs 150580 and 22 carat gold at Rs 138040. In Mumbai and Kolkata, 24 carat is at Rs 150430 and 22 carat at Rs 137890. The highest price of 24 carat in Chennai is Rs 152180 and 22 carat is Rs 139490. 24 carat is priced at Rs 150480 in Ahmedabad and Bhopal. In Lucknow, Jaipur and Chandigarh, 24 carat gold is available at Rs 150580 per 10 grams.
Silver also slipped – reached Rs 254900 per kg
Along with gold, the price of silver also continues to decline. On the morning of April 30, the price of silver came to Rs 254900 per kg. A day ago, silver had increased by Rs 500 and closed at Rs 244500 in Delhi bullion market. In the international market, silver is at $ 72.99 an ounce. Experts say that as long as the tension in the Middle East and the Fed’s policy remain the same, the pressure on gold and silver may remain.