gold rate
Gold and silver prices have been rising for many days but today i.e. 25th November their prices have fallen. According to IBJA, the price of 24-karat gold fell on Monday. The price of 10 grams of gold has decreased by Rs 706 to Rs 77,081. At the same time, the price of one kg of silver has decreased by Rs 1,405 to Rs 89,445 per kg. Earlier on Friday, the silver price was Rs 90,850 per kg.
This year saw a dramatic rise in gold and silver prices. Gold hit an all-time high of Rs 79,681 per 10 grams on October 30. At the same time, silver also peaked on October 23rd.
Gold Price in Delhi and Mumbai
Today in Delhi, the price of 22 carat gold is Rs 72,150 and the price of 10 grams of 24 carat gold is Rs 78,700. At the same time, today the price of 10 grams of 22 carat gold in Mumbai is Rs 72,000 and the price of 10 grams of 24 carat gold is Rs 78,550.
Gold rate in Kolkata and Chennai
Today, in the country’s metropolitan city, Kolkata, the price of 10 grams of 22 carat gold is Rs 72,000 and the price of 24 carat gold is Rs 78,550. At the same time, the price of 10 grams of 22 carat gold is Rs 72,000 and the price of 10 grams of 24 carat gold is Rs 78,550.
According to IBJA, so far this year the price of gold has increased by Rs 13,729. At the same time, the price of silver has increased by Rs 16,050. On January 1, gold cost Rs 63,352 per 10 grams, and now it has reached Rs 77,081 per 10 grams. At the same time, the price of 1 kg of silver has increased from Rs 73,395 per kg to Rs 89,445 per kg.
What do the experts say?
According to Manish Sharma, AVP, Commodities & Currencies, Anand Rathi Shares & Stock Brokers, gold fell more than one percent on Monday as there were reports that Israel is moving closer to a ceasefire with Lebanon’s Hezbollah. However, much of this week’s further rise depends on developments in Russia and Ukraine, where investors are advised to remain cautious as any further rise could trigger another short-covering move in gold. Sharma said focusing on dollar strength amid macroeconomic data, including the US personal consumption expenditure (PCE) price index, would be important for inflation signals in the near term, which could prevent a sharp increase in the short term.
