Monday – the first day of the week – saw a decline in gold prices in the country. On the morning of May 25, gold became cheaper in most cities. In the national capital Delhi, the price of 24-carat gold fell to ₹159,200 per 10 grams. However, on a weekly basis, gold prices witnessed a rise; Last week, the price of 24-carat gold has increased by ₹2,130, while the price of 22-carat gold has increased by ₹1,950.
On the contrary, gold prices have increased in the international market. The main reason for this is the value of the dollar and the fall in crude oil prices. In the international market, spot gold is trading at $4,570.88 an ounce, showing a rise of 1.4 percent. Meanwhile, Brent crude futures have fallen below the $100 per barrel level.
US President Donald Trump has said that the deal with Iran has largely been finalized, although the exact details have not yet been finalized. Apart from this, the full draft of the interim peace agreement between America and Iran has been revealed. It is being told that this historic agreement will initially be in force for a period of 60 days, with the possibility of extending it further with the mutual consent of both the countries. During this two-month ceasefire, both countries are expected to hold talks with the aim of reaching a permanent agreement on their respective nuclear programmes.
**Gold prices in major cities of the country**
**Gold Prices in Delhi:** In Delhi, 24-carat gold is priced at ₹159,200 per 10 grams, while 22-carat gold is priced at ₹145,940 per 10 grams.
**Mumbai and Kolkata:** In Mumbai and Kolkata, 22-carat gold is priced at ₹145,790 per 10 grams, while 24-carat gold is priced at ₹159,050 per 10 grams.
**Gold Prices in Chennai:** The price of 24 carat gold is ₹160,680 per 10 grams, and the price of 22 carat gold is ₹147,290 per 10 grams.
Prices in Pune and Bengaluru: In both these cities, the price of 24 carat gold is ₹159,050 per 10 grams, while the price of 22 carat gold is ₹145,790 per 10 grams.
silver prices
The prices of silver – another precious metal – continue to fall. As of the morning of May 25, the price of silver has reached ₹284,900 per kg. In January this year, the price of silver in the country had crossed ₹400,000. On the other hand, the price of silver has increased in the international market; It has reached $78.42 an ounce with a gain of 3.9 percent.
