Today, gold and silver prices are falling across the country. Positive reports regarding the ceasefire between America and Iran have increased hopes of reducing geopolitical tensions. Whenever the global scenario turns towards peace, investors move their money out of safe-haven assets (like gold) and start investing in the stock market; This inflow improves the market sentiment, while the prices of precious metals fall due to lack of demand.
What are the prices of 24-karat and 22-karat gold today?
Today, 24-carat gold has become cheaper by ₹400–₹500 per 10 grams compared to yesterday. As a result, its price is now in the range of ₹155,900–₹156,100.
There has also been a slight decline in the prices of 22-carat gold today. As a result, it is currently trading around ₹142,800–₹143,050.
Additional reasons for falling prices:
**International selling:** This is another reason for the fall in prices today. On COMEX, gold prices have slipped below $2,400. The effect of this trend can be clearly seen in the Indian bullion markets also.
**Strong Dollar:** Due to the strengthening of the US dollar index, investors are shifting their capital from gold to dollars, due to which the demand for gold has decreased.
**Profit-booking:** In the last few months, gold had reached record highs; As a result, large investors are now booking profits by selling their holdings at these higher levels.
**End of wedding season:** The wedding season in India is also about to end. As a result, there has been a decline in demand among buyers.
city-wise
gold prices
Delhi: ₹156,200
Mumbai: ₹156,050
Kolkata: ₹156,050
Chennai: ₹158,170
silver prices
Today, silver prices are also seeing slight fluctuations as compared to yesterday. Today, silver is trading at around ₹2,850 to ₹2,900 per 10 grams. At the same time, today its price per kilogram on MCX is between ₹ 2,85,000 to ₹ 2,90,000.
