Gold prices have declined over the past three days, with 10 grams of 24-carat gold becoming ₹2,200 cheaper. Currently, the price for 10 grams of 24-carat gold is ₹1,11,060, and for 22-carat gold, it is ₹1,01,800. Meanwhile, silver continues to become more expensive, reaching a record high of ₹1,33,000 per kilogram.
Gold-Silver Price Today: Ahead of the festive season, gold prices have seen a decline, bringing relief to buyers. Between September 13-15, the price of 10 grams of 24-carat gold decreased by ₹2,200, and for 22-carat gold, it dropped by ₹2,000. Presently, 10 grams of 24-carat gold is priced at ₹1,11,060. On the other hand, silver prices have steadily increased, reaching a record high of ₹1,33,000 per kilogram. The reasons cited for the decline are expectations of interest rate cuts by the US Federal Reserve and fluctuations in the global market.
Today's Rate for 10 Grams of Gold
Currently, the price of 10 grams of 24-carat gold is ₹1,11,060, while the price for 100 grams has reached ₹11,10,600. 10 grams of 22-carat gold is selling for ₹1,01,800, and 100 grams for ₹10,18,000. 18-carat gold, which is widely used in jewelry, is available for ₹84,540 for 10 grams and ₹8,45,400 for 100 grams.
Gold Prices in Major Cities
The prices for 10 grams of gold in major cities across the country are as follows:
- Chennai: 24-carat ₹1,12,150, 22-carat ₹1,02,800.
- Mumbai: 24-carat ₹1,11,930, 22-carat ₹1,02,600.
- Delhi: 24-carat ₹1,12,080, 22-carat ₹1,02,750.
- Kolkata: 24-carat ₹1,11,930, 22-carat ₹1,02,600.
- Bangalore: 24-carat ₹1,11,930, 22-carat ₹1,02,600.
- Hyderabad: 24-carat ₹1,11,930, 22-carat ₹1,02,600.
- Kerala: 24-carat ₹1,11,930, 22-carat ₹1,02,600.
- Pune: 24-carat ₹1,11,930, 22-carat ₹1,02,600.
- Vadodara: 24-carat ₹1,11,980, 22-carat ₹1,02,650.
- Ahmedabad: 24-carat ₹1,11,980, 22-carat ₹1,02,650.
Silver Price Surge
While gold prices have fallen, silver prices have been continuously rising. Between September 12th and 13th, silver prices saw an increase of ₹3,100 per kilogram. Currently, silver has reached a record high of ₹1,33,000 per kilogram.
Impact on Market and Investment
Changes in gold and silver prices influence the decisions of investors and buyers. The decline in gold prices is a source of relief for buyers, especially those planning to purchase jewelry for the festive season or weddings. Conversely, the rising price of silver presents attractive opportunities and, to some extent, concerns for investors.
Experts believe that gold prices may see some stability in the near future. Based on the policies of the US Federal Reserve, global economic indicators, and demand, gold and silver prices could either rise or fall. Investors and buyers are making decisions while closely monitoring market conditions.
