New Delhi. Gold and silver prices are expected to be softened. Despite India’s operation vermilion against Pakistan, the price of gold did not bounce on Wednesday. 22 carat gold in Delhi was at the rate of Rs 88810 per gram. At the same time, 24 carat gold sold at Rs 96880 per 10 grams. In Delhi, the price of 18 carat gold was seen as 10 grams per 10 grams. Chennai recorded 24 carat gold per 10 grams per 10 grams. There is news of 22 carat gold per 10 grams of Rs 90750 per 10 grams. The price of 18 carat gold in Chennai was Rs 74550.
Talking about silver, its futures price was Rs 96760 per kg. This silver price was at the Multi Commodity Exchange i.e. MCX. The price of gold and silver was seen very fast in the past. 24 carat gold then crossed the price of 1 lakh, including GST. The possibility of recession in the US and Europe and the recipes on all countries including China by the US President Donald Trump were being described as the reason for this. At present, the possibility of recession is over. Trump has also stopped the reciperook tariff for 90 days. If America’s Federal Reserve reduces interest rates, the price of gold and silver can be expected to come down.
The process of increasing the price of gold and silver started in 2022 when Russia attacked Ukraine. At the same time, gold and silver prices started rising against Israel’s military action against Hamas and the dominance of inflation worldwide. Central banks of all countries including India and China have also bought a large amount of gold in the last one year. Due to this, yellow metal prices also increased. In the past, these speculations on social media also gained momentum that the price of 24 carat gold can once again come to Rs 50000 per 10 grams. However, according to the experts of the bullion market, this will not happen.
