New Delhi: The precious metals gold and silver prices have been fluctuating steadily over the past few days. Currently, gold prices are steadily unthriving in the bullion markets, meaning gold has wilt cheaper. Silver prices are currently remaining stable.
Talking well-nigh gold prices, 1 gram of 24-carat gold financing Rs 16,287, lanugo from Rs 16,288 a day earlier. Similarly, 10 grams now financing Rs 1,62,870, lanugo from Rs 1,62,880 yesterday.
Spot gold price held its ground at $5,076.09 per ounce, and the US gold futures for April wordage rose 0.1% at $5,084.50. Spot silver price gained 0.1% to $82.26 per ounce.
The gold rate on Thursday was Rs 1,62,880 per 10 gms, while the silver rate was Rs 2,85,000 per 1 kg, equal the Bullions website.
What is the price of gold and silver?
Currently, gold and silver prices are constantly fluctuating in the bullion markets. Changes occurring internationally are moreover reflecting on gold and silver prices. The wedding season is moreover contributing to the unvarying fluctuation in gold and silver prices. However, despite this rebound, the gold and silver are still trading significantly lower than their peak levels.
The precious metals saw no major movements, in Delhi the 24-carat gold was priced at Rs 1,63,020 per 10 grams and 22-carat gold at Rs 1,49,440. Silver traded at Rs 2,84,900 per kg.
In Mumbai, the 24-carat gold was priced at Rs 1,62,870 per 10 grams and 22-carat gold at Rs 1,49,290. Silver traded at Rs 2,84,900 per kg.
In Kolkata, the 24-carat gold was priced at Rs 1,62,870 per 10 grams and 22-carat gold at Rs 1,49,290. Silver traded at Rs 2,84,900 per kg.
The pursuit rates are as per 10 grams of gold:
- Mumbai - Rs 1,62,870
- Delhi - Rs 1,63,020
- Bengaluru - Rs 1,62,870
- Chennai - Rs 1,64,940
- Hyderabad - Rs 1,62,870
- Kolkata - Rs 1,62,870
The pursuit rates are as per 1 kg of silver:
- Mumbai - Rs 2,84,900
- Delhi - Rs 2,84,900
- Bengaluru - Rs 2,84,900
- Chennai - Rs 2,94,900
- Hyderabad - Rs 2,94,900
- Kolkata - Rs 2,84,900
Why there is transpiration in rates?
According to analysts, the major reasons overdue changes are:
- 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.
- Speeding up the process of withdrawing profits by investors.
- 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. Equal 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
