Gold Silver Rate: A decline is being seen in the prices of both gold and silver precious metals today. Gold is trading down by about 0.2 per cent and silver is trading with a half per cent decline. Actually, this decline in gold and silver is due to the impact on global demand. Check what changes are being seen in the price of gold and silver in the country today.
know the latest gold rates
A declining trend is being seen in the rate of gold today. On the Multi Commodity Exchange, gold is trading at Rs 59412 per 10 grams, down by Rs 115 or 0.19 per cent. Gold had gone down to Rs 59391 today, while the rate of gold had reached up to Rs 59550 per 10 grams. These gold prices are for its October 2023 futures.
what is the rate of silver
If we look at the rate of silver, it is showing a big decline and it is at a decline of Rs 399 on MCX. There has been a decline of 0.55 per cent in this and these are the prices of its September futures. Today’s rate of silver was up to Rs 72079 per kg. At the bottom, the price of silver fell up to Rs 71985 per kg and at the top, the price of silver went up to Rs 72300 per kg.
Why gold and silver prices are coming down
The prices of gold and silver are currently declining due to 2-3 reasons. Firstly, there is a slowdown in the global demand and due to this these precious metals are becoming cheaper. At the same time, the effect of rising dollar prices is also being seen on these metals. Apart from this, due to decrease in industrial demand, negative effect is also being seen on the rate of silver and its rates are coming down.
Gold rates today in four major cities of the country
- Delhi: The price of 24 carat gold is Rs 60,310 per 10 grams.
- Mumbai: The price of 24 carat gold is Rs 60,160 per 10 grams.
- Kolkata: The price of 24 carat gold is Rs 60,160 per 10 grams.
- Chennai: The price of 24 carat gold is Rs 60,600 per 10 grams.
