New Delhi: If you are planning to buy gold and silver or are thinking of investing, then it is important for you to take a look at today’s prices. On Wednesday, a decline in the prices of both gold and silver was recorded in the bullion market. There has been a softening in the prices of both from the international market to the domestic futures market. In such a situation, before buying or investing in jewellery, it would be beneficial to know the latest rates of your city.
A fall in gold prices was seen in the global market on Wednesday. The price of gold on Comex fell by about 0.78 percent. After this its price decreased by about $ 31.60 to around $ 4,038.10 per ounce. Weakness was also recorded in silver prices. In the international market, silver slipped by about 0.73 percent and was seen trading at the level of $ 58.675 per ounce. The effect of this slowdown in the global market was also seen on the Indian market.
Gold and silver prices also slipped on MCX
The morning trading in the domestic futures market i.e. Multi Commodity Exchange (MCX) also started with a decline. In early trade, gold was seen trading around Rs 1,41,538 per 10 grams with a weakness of about 0.52 percent. At the same time, silver prices also came down. On MCX, silver fell by about 0.38 percent and was seen trading around Rs 2,22,343 per kg. This is considered to be a significant decline in the prices of both in comparison to the last few days.
August delivery gold price
On MCX around 9:30 am, gold for August delivery was trading at around Rs 1,41,517 per 10 grams. There may be fluctuations in prices in the market throughout the day depending on demand and global signals. Experts believe that the movement of the international market, the condition of the dollar and buying by investors may have an impact on gold prices in future also.
What are the gold rates in major cities?
In big cities of the country, the price of 24 carat gold remains around Rs 1.42 lakh per 10 grams. Whereas 22 carat gold is being sold at the level of around Rs 1.30 lakh per 10 grams. If we talk about 18 carat gold, its price has been recorded around Rs 1.06 lakh per 10 grams. However, there may be slight difference in prices due to taxes and making charges in different cities.
The price of silver also decreased
Along with gold, the prices of silver also remain soft. The price of silver in the market was seen trading around Rs 2.22 lakh per kg.
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