Amid the worsening situation between America and Iran, today gold prices are once again falling in the country. Today, gold prices in the international market (COMEX) are trading 0.37% higher at $4,066.80 an ounce, while the local market has fallen 0.36%. As a result, the price of 24-carat gold has fallen to ₹1,42,220 per 10 grams. This is a decline of ₹510 compared to yesterday, when the price stood at ₹1,42,730 per 10 grams.
**How much has the prices of 22-carat and 18-carat gold fallen?**
Like 24-carat gold, the price of 22-carat gold has also declined by ₹410 – from yesterday’s ₹1,31,410 per 10 gram to ₹1,31,000 per 10 gram. The price of 18-carat gold has also declined; It has fallen by ₹ 380 compared to yesterday to ₹ 1,06,665 per 10 grams today (earlier ₹ 1,07,045).
**Why are gold prices falling?**
Recently, gold prices had reached record highs. Due to increasing military tensions between the US and Iran, large institutional investors (FIIs) and central banks have started booking profits at these higher levels, leading to a decline in prices. Apart from this, pressure on gold has increased as investors are withdrawing money from gold ETFs and investing it in liquid cash or stock market.
**Silver prices today**
Today, on July 16, silver prices in India have increased by 1.16%, taking the rate to ₹2,20,000 per kg. In other words, today silver prices have increased by around ₹2,500 per kg in the domestic market. Silver has also strengthened by 0.21% in the international market (COMEX) and is trading at $59.23 per troy ounce.
Cities 24 carat gold price (per 10 grams) 22 carat gold price (per 10 grams) Delhi Rs 1,43,730 Rs 1,31,760 Mumbai Rs 1,43,580 Rs 1,31,610 Kolkata Rs 1,43,580 Rs 1,31,610 Bengaluru Rs 1,43,580 Rs 1,31,610 Rs Chennai Rs 1,43,790 Rs 1,31,810
