After a sharp rise, today gold and silver have lost their shine due to profit-booking. After a day of stability, the prices of both these precious metals have softened for the second consecutive day today. In the capital Delhi, the price of 24-carat gold fell by ₹10 per 10 grams today, while 22-carat gold also became cheaper by ₹10. In the last two days, the price of 24-carat gold has fallen by ₹2,250 per 10 grams, and the price of 22-carat gold has fallen by ₹2,060. Talking about silver, the price of one kilogram of silver in Delhi has also fallen for the second consecutive day. After a day of stability, the price of one kg silver has declined by ₹5,100 in the last two days.
Gold prices according to cities
After a day of stability, silver slipped again for the second consecutive day
In case of silver, after a day of stability, its price has fallen by ₹5,100 per kg in the last two days in Delhi. Before that one-day stability, the price of one kilogram of silver had fallen by ₹15,000 in three consecutive days. As of today, the price in Delhi has fallen by ₹100 per kg, and is currently selling at ₹2,69,900. Silver is also being sold at the same price in other big metros—Mumbai and Kolkata. However, the price of one kilogram of silver in Chennai is ₹2,75,900, making it the most expensive among the four major metros.
It is not right to chase gold just for higher returns
According to experts, gold should definitely be a part of any person’s investment portfolio. However, investors should not chase gold just for the sake of higher returns. Moreover, they should not expect that gold will remain the safest investment option all the time. In late January this year, gold reached its all-time high; After that, it declined rapidly. Since then, its prices have remained within a narrow range. According to experts, gold should definitely be a part of any person’s investment portfolio. However, investors should not chase gold just for the sake of higher returns. They should also not expect that gold will always remain the safest investment option. At the end of January this year, gold prices had reached their highest ever level. After this, it witnessed a rapid decline. Since then, its prices have remained within a narrow range.