Gold and silver are continuously becoming more expensive due to expectations of a potential cut in US interest rates. In Delhi today, prices for both 24-carat and 22-carat gold increased, while silver also rapidly reached new highs.
Gold-Silver Price Today: Both gold and silver are continuously becoming more expensive due to expectations of interest rate cuts from the US Federal Reserve. In Delhi today, 24-carat gold increased by 10 rupees per 10 grams. Similarly, 22-carat gold also rose by 10 rupees. Over the past two days, 24-carat gold has become 660 rupees more expensive, and 22-carat gold has risen by 610 rupees.
Surge in Silver Prices
Silver prices also increased for the second consecutive day. In Delhi today, silver surged by 3,100 rupees to reach 1,88,100 rupees per kilogram. Prices had been stable the day before. In Chennai, silver is being sold at the highest price of 1,96,100 rupees per kilogram. In Mumbai and Kolkata, silver remains stable at 1,88,100 rupees per kilogram.
Gold Rates Across the Country
(Rupees/10 Grams)
Delhi: 22 Carat 1,19,760 | 24 Carat 1,30,640
Mumbai: 22 Carat 1,19,610 | 24 Carat 1,30,490
Kolkata: 22 Carat 1,19,610 | 24 Carat 1,30,490
Chennai: 22 Carat 1,20,710 | 24 Carat 1,31,680
Bengaluru: 22 Carat 1,19,610 | 24 Carat 1,30,490
Hyderabad: 22 Carat 1,19,610 | 24 Carat 1,30,490
Lucknow: 22 Carat 1,19,760 | 24 Carat 1,30,640
Patna: 22 Carat 1,19,660 | 24 Carat 1,30,540
Jaipur: 22 Carat 1,19,760 | 24 Carat 1,30,640
Indications for Investors
The rising prices of gold and silver are providing important signals for investors. Potential changes in interest rates and the global economic situation are directly influencing the prices of these metals. If you are planning to buy jewelry or invest during the wedding season, it is crucial to understand the current trends.
What Will Be the Future Trend?
According to institutional investors surveyed by Goldman Sachs, the strength in gold may continue until 2026. 36% of investors believe that gold could surpass $5,000 per ounce by the end of 2026, while one-third of investors have estimated a level of $4,500 to $5,000. On December 1st, gold touched a six-week high, bly supported by expectations of a cut in US interest rates.
