New Delhi: Gold and silver price in the country remained near historic highs on Friday, reflecting unfurled investor demand tween geopolitical uncertainty, inflation concerns. On Friday, the price of 24-carat gold fell Rs 10 in early trade, with ten grams of the precious metal trading at Rs 1,56,100.
Spot gold was lanugo 0.3 per cent to $4,462.22 per ounce and spot silver fell 0.6 per cent to $73.45 per ounce.
What is the price of gold and silver?
These days, gold and silver prices are fluctuating constantly, surprising investors. Gold and silver prices are fluctuating in the international market plane today.
The precious metals saw a major movement, in Delhi the 24-carat gold was priced at Rs 1,56,250 per 10 grams and 22-carat gold at Rs 1,43,340. Silver traded at Rs 2,75,000 per kg.
In Mumbai, the 24-carat gold was priced at Rs 1,55,730 per 10 grams and 22-carat gold at Rs 1,42,750. Silver traded at Rs 2,75,000 per kg.
In Kolkata, the 24-carat gold was priced at Rs 1,55,730 per 10 grams and 22-carat gold at Rs 1,42,750. Silver traded at Rs 2,75,000 per kg.
The pursuit rates are as per 10 grams of gold:
- Mumbai - Rs 1,55,730
- Delhi - Rs 1,56,360
- Bengaluru - Rs 1,55,730
- Chennai - Rs 1,57,960
- Hyderabad - Rs 1,55,730
- Kolkata - Rs 1,55,730
The pursuit rates are as per 1 kg of silver:
- Mumbai - Rs 2,75,000
- Delhi - Rs 2,75,000
- Bengaluru - Rs 2,75,000
- Chennai - Rs 2,80,000
- Hyderabad - Rs 2,80,000
- Kolkata - Rs 2,75,000
Why there is transpiration in the rates?
According to analysts, the major reasons overdue changes are:
- International market pricing, import fees, taxes
- Blockage of the Strait of Hormuz
- Weakness in the prices of gold and silver in the international market.
- The strengthening of the US dollar, which put pressure on demand for precious metals.
- When the dollar strengthens, spending by foreign buyers increases and this reduces demand for unscratched investments like gold and silver.
How much lower are the prices from their record highs?
Gold and silver touched their record highs on January 29. According to MCX, the record upper level for gold is Rs 1.93 lakh, while the record upper price for silver is Rs 4.20 lakh.
