Top News

New Delhi, June 13 . There was a decline in gold and silver this week, due to which gold and silver have become cheaper by more than Rs 6,400 and Rs 14,300 thousand respectively. According to India Bullion Jewelers Association (IBJA), the price of 24 carat gold has fallen by Rs 6,438 this week to Rs 1,47,800 per 10 grams, whereas earlier it was at Rs 1,54,238. The price of 22 carat gold has come down to Rs 1,35,385 per 10 grams, which was earlier Rs 1,41,282 per 10 grams.

The price of 18 carat gold has come down to Rs 1,10,850 per 10 grams, which was earlier Rs 1,15,679 per 10 grams. The lowest price of gold this week was seen at Rs 1,44,782 per 10 grams in the morning session on June 11. At the same time, the highest price was seen at Rs 1,52,519 per 10 grams in the morning session on June 9. Along with gold, there has also been a decline in the price of silver.

The price of silver has decreased by Rs 14,326 to Rs 2,42,582 per kg, which was earlier Rs 2,56,908 per kg. This week, the lowest price of silver was seen at Rs 2,32,591 per kg in the evening session on June 11. At the same time, the highest price was seen at Rs 2,45,938 per kg in the evening session on June 9. Due to global instability, the international price of gold has come down to $ 4,248 per ounce and the price of silver to $ 68 per ounce.

According to experts, the reason for the fall in gold and silver is the fear of rising inflation and the price of crude oil remaining high due to the US-Iran war. Along with this, the ease of increasing interest rates has forced investors to book profits in gold and silver. Gold and silver have given excellent returns in the last one year. During this period, gold has given returns of more than 24 percent and silver has given returns of more than 87 percent in dollar terms.