If you look at GoldPrice.org, then at 10.22 am Indian time in the international market, gold was falling 0.54 percent on MCX and the metal was trading at the level of $ 1758.75 an ounce. At the same time, silver was down 0.86 percent at $ 22.42 an ounce.
Why can gold prices increase?
There has been a tremendous jump in crude for the last several days. Looking at the crude market on Tuesday, the dollar index fell by more than 25 percent. The more dollar prices fall, the more the price of gold rises because seeing the fall in the dollar, investors turn to the safe haven asset i.e. the safest investment medium gold. We do. At present, since there is no relief in crude oil, it can be assumed that its effect will also be seen on gold.
If you look at the rate of India Bullion and Jewelers Association Limited ie IBJA, then with the last update, the price of gold and silver today is like this- (These prices are given per gram without GST charge)
999 (purity) – 46,394
Silver 999- 59,997
22 carat and 24 carat gold price
If you look at the Good Returns website, today the price of 24 carat gold is Rs 4,649 on 1 gram, 37,192 on 8 grams, 46,490 on 10 grams and Rs 4,64,900 on 100 grams. If you see per 10 grams, then 22 carat gold is being sold at 45,490.
If we look at the prices of gold in major cities, then the price of 22 carat gold in Delhi is 45,650 and 24 carat gold is running at 49,800. In Mumbai, 22 carat gold is running at 45,490 and 24 carat gold at 46,490. 22 carat gold in Kolkata is Rs 46,000, while 24 carat gold is Rs 48,700. The price of 22 carat gold in Chennai is Rs 43,050 and 24 carat is Rs 48,060. These prices are per 10 grams of gold.
If we talk about silver, according to the website, the price of silver per kg is Rs 60,600 per kg. Silver is being sold at Rs 60,600 per kg in Delhi. The price of silver in Mumbai and Kolkata is also the same. Silver price in Chennai is Rs 64,800 per kg.