After a day of stability, today, May 19, gold has lost its shine for the second consecutive day. In these two days, the price of 24-carat gold has fallen by ₹710 per 10 grams, while the price of 22-carat gold has fallen by ₹660. Specifically, today, in the national capital Delhi, the price of 24-carat gold (per 10 grams) has decreased by ₹10, and the price of 22-carat gold has also decreased by ₹10. Talking about silver, after a day of stability, its price has increased for the second consecutive day in Delhi; In these two days, its price has increased by ₹10,100 per kilogram.
City 24 carat 10 gram gold price 22 carat 10 gram gold price 18 carat 10 gram gold price Delhi ₹1,56,360 ₹1,43,340 ₹1,17,310 Mumbai ₹1,56,210 ₹1,43,190 ₹1,17,160 Kolkata ₹1,56,210 ₹1,43,190 ₹1,17,160 Chennai ₹1,60,090 ₹1,47,490 ₹1,23,090 Bengaluru ₹1,56,210 ₹1,43,190 ₹1,17,160 Hyderabad ₹1,56,210 ₹1,43,190 ₹1,17,160 Lucknow ₹1,56,360 ₹1,43,340 ₹1,17,310 Patna ₹1,56,260 ₹1,43,240 ₹1,17,210 Jaipur ₹1,56,360 ₹1,43,340 ₹1,17,310 Ahmedabad ₹1,56,260 ₹1,43,240 ₹1,17,210
Due to increase in crude oil prices, increase in bond yields and uncertainty regarding the US-Iran agreement, the prices of these precious metals are currently witnessing fluctuations. Moreover, the import duty on these metals has been increased from 6% to 15%, which is a factor which is also affecting their market rates. Another reason for the shine of silver is that many categories of this metal have been removed from the ‘free’ import list and put in the ‘restricted’ category. This means that different types of silver can no longer be imported without prior permission from the government.
Silver shines for the second consecutive day after a period of stability
Talking about silver, its prices have increased for the second consecutive day today after a period of stability. Earlier, for three consecutive days, the price of one kilogram of silver had fallen by ₹30,000. As of today, in Delhi, the price has increased by ₹100 per kg, and the metal is currently trading at ₹2,90,100. Among other major metros, silver is trading at similar rates in both Mumbai and Kolkata. However, in Chennai, one kilogram of silver costs ₹3,00,100 – making it the costliest among the four major metropolitan centres.