New Delhi: A slight increase has been seen in the prices of gold and silver in India today. The direct effect of increasing interest of investors and fluctuations in the international market is visible in the Indian markets. Today in India, the price of 24 carat gold has been recorded at Rs 12986 per gram, 22 carat gold at Rs 11904 per gram and 18 carat gold at Rs 9740 per gram.
For a long time, gold has been considered the most reliable means of protection from inflation and that is why investors are continuously showing interest in gold. Today, gold prices have remained almost stable in the major metros of the country. In Chennai, 24 carat gold is recorded at Rs 13134 per gram, while in Mumbai it is Rs 12986 per gram.
What is the price in the capital?
The price of 24 carat gold in Delhi was Rs 13001 per gram. In Kolkata and Bengaluru, gold is available at the price of Rs 12986 per gram. Today in Ahmedabad, 24 carat gold has been recorded at Rs 12991 per gram, while in Jaipur and Lucknow it is Rs 13001 per gram. Experts say that in the coming days, further fluctuations may be seen in the prices of gold depending on the situation in the international market.
What is the rate of silver?
Silver prices also remain stable today. In India, silver was recorded at Rs 187 90 paise per gram and Rs 187900 per kilogram. Silver prices depend on the international market as well as the exchange rate of rupee and dollar. If the value of rupee falls against the dollar, the price of silver in India increases even if international prices remain stable.
Silver prices are almost the same in many cities of the country. In Chennai, silver was recorded at Rs 1959 per 10 grams and Rs 195900 per kilogram. The price of silver in Mumbai, Delhi, Kolkata and Bengaluru is Rs 1879 per 10 grams and Rs 187900 per kilogram. The same prices of silver have been recorded in Ahmedabad, Jaipur and Lucknow also.
What is your advice for investors?
The direct impact of increasing global fluctuations and changes in American economic policies can be seen on silver prices in the coming days. Experts say that a slight rise in precious metals may continue in the coming times and investors should keep an eye on both bullish and bearish situations in the market.
