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Gold Price Today: The news of a ceasefire in Iran-Israel amidst heavy tension in West Asia has led to a big fall in the price of gold and silver on Tuesday. In the financial capital Mumbai, 22 carat gold is being sold at the rate of Rs 91,550 per 10 grams, while 24 carat gold is trading at Rs 99,870. Similarly, silver price is also trading at Rs 1,00,900 per kg during the trading.
Gold futures on MCX are trading at Rs 98,168 to Rs 98,168 after coming to Rs 1,00,000 earlier this month. Whereas, the silver futures on MCX are selling 0.75 percent to Rs 1,05,962 per kg.
The fresh sense of your city-the fresh sense of gold and silver
In the national capital Delhi, 22 carat gold is trading at Rs 92,440 per 10 grams and 24 carat gold is trading at Rs 1,00,830. Similarly, in Ahmedabad, 22 carat gold is being sold at Rs 91,600, while 24 carat gold is being sold at Rs 99,920. In Patna too, 22 carats and 24 carat gold are being sold at the rate of Ahmedabad. Whereas, the price of 22 carat gold in Hyderabad, Chennai, Bangalore and Kolkata is Rs 91,550. So at the same time, 24 carat gold is trading in these cities at Rs 99,970.
Significantly, this decline has been seen on the first day after ceasefire in Iran-Israel. However, market experts believe that some more fast may be seen in it next month.
Which factor are fixed by prices?
In fact, gold and silver prices are fixed from several factor, including exchange rates, dollar prices fluctuations and upheaval in the global market. Apart from this, customs also affect it and its prices are fixed on daily basis.
In Indian society, gold is quite important in both economic and cultural terms. Gold is considered very auspicious in any wedding or festival festival. Apart from this, it is also the most suitable for investment. No matter how much inflation, gold has proved herself the most return.
Also read: Iran-Israel ceasefire has a stock market, 800 points shifted Sensex, Nifty crossing 25200
