Gold-Silver price: Gold and silver prices fall, check the latest rates in 10 major cities of the country
Gold-Silver Rate Today: Gold prices have been rising rapidly for some time. However, profit-booking pressure is now visible. Today, gold has fallen for the third consecutive day and silver for the second consecutive day. Check out the prices and prices of gold and silver in various cities across the country today.
Gold Rate Today In India: Gold’s luster has been fading since Diwali. Today, gold prices have fallen for the third consecutive day, and in these three days, 24-carat gold has become cheaper by ₹290 per ten grams. Two days before Diwali, on Dhanteras (October 18th), 24-carat gold prices fell by ₹1910 per ten grams. Today, 24-carat gold prices have fallen by ₹10 per ten grams, and 22-carat gold prices have also fallen by ₹10. Talking about silver, after two consecutive days of stability, one kilogram of silver has become cheaper in Delhi by ₹8100 in two consecutive days. In the capital, it is selling for ₹1,63,900 per kilogram.
City-wise Gold Prices
Let’s find out the prices of 22-carat and 24-carat gold in the country’s 10 major cities…
Gold rates in all four major metropolises
In Delhi, the price of 24-carat gold is ₹1,30,720 per 10 grams. The price of 22-carat gold is ₹1,19,840 per 10 grams. In Kolkata and Mumbai, the price of 22-carat gold is ₹1,19,690 per 10 grams, while the price of 24-carat gold is ₹1,30,570 per 10 grams. In Chennai, the price of 24-carat gold is ₹1,30,920 per 10 grams. The price of 22-carat gold is ₹1,20,010 per 10 grams.
Prices in Bengaluru and Hyderabad
In Hyderabad and Bengaluru, the price of 22-carat gold is ₹1,19,690 per 10 grams, while the price of 24-carat gold is ₹1,30,570 per 10 grams.
Prices in Lucknow and Patna
Talking about Patna and Lucknow, the price of 22-carat gold in Patna is ₹1,19,740 per 10 grams, while the price of 24-carat gold is ₹1,30,620 per 10 grams. In Lucknow, 22-carat gold is available for ₹1,19,840 and 24-carat gold for ₹1,30,720.
Prices in Jaipur and Ahmedabad
Talking about Ahmedabad and Jaipur, the price of 22-carat gold in Ahmedabad is ₹1,19,740 per 10 grams, while the price of 24-carat gold is ₹1,30,620 per 10 grams. In Jaipur, 22-carat gold is available for ₹1,19,840 and 24-carat gold for ₹1,30,720.
Why is gold falling?
Anant Padmanabhan, founder member and former chairman of the All India Gem and Jewellery Domestic Council (GJC), speaking to news agency ANI, expected gold prices to reach a record high of ₹1.50 lakh per 10 grams in the coming months. This is because gold prices could see a sharp rise due to purchases by central banks in the global and domestic markets and strong public demand, especially in China and Japan. He believes that if trade talks between China and the US fail and the Russia-Ukraine war continues, gold could reach ₹1.50 lakh in the coming months. Padmanabhan also expects a short-term correction, potentially leading to a temporary decline to ₹1.15 lakh. Consequently, gold prices have softened due to profit-booking.
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