Gold Price Today: There has been a decline in the prices of gold and silver. The price of 24 carat gold has increased to Rs 63,200 per 10 grams.
Gold Price Today: There was a softening in the prices of gold and silver on Wednesday. In Delhi’s bullion market, the price of gold fell by Rs 50 to Rs 63,150 per 10 grams. In yesterday’s trading session, gold closed at Rs 63,200 per 10 grams. Today the price of silver also fell by Rs 450 to Rs 76,300 per kg. This information was given by HDFC Securities.
According to the Indian Bullion Jewelers Association, the rate of 22 carat gold is Rs 60,850 per 10 grams. At the same time, the rate of 20 carat gold is Rs 55,490 per 10 grams, the rate of 18 carat gold is Rs 50,500 per 10 grams and the rate of 14 carat gold is Rs 40,210 per 10 grams.
Gold and silver rates in international market
There has been a decline in the prices of gold and silver in the international market. 24 carat gold closed at $ 2,030 an ounce and silver at $ 23.04 an ounce. There was a tremendous rise in the prices of gold and silver after the US central bank Fed reduced the interest rates. In such a situation, it is believed that after the decision to reduce interest rates, a rise in gold prices may be seen.
Gold price in futures market
According to PTI, the price of gold rose by Rs 116 to Rs 62,295 per 10 grams in futures trade on Wednesday. On the Multi Commodity Exchange, the price of gold contract for February delivery rose by Rs 116, or 0.19 percent, to Rs 62,295 per 10 grams. 10,371 lots were traded in this. According to analysts, participants preferred to maintain their existing positions, which led to a rise in gold prices.