Rates of Gold, Silver prices fall today on global markets. Therefore there is also a steady price decrease in India for a few days continuously.
Gold today fell after nine months as per the US dollar. Spot gold was flat at $1,734.97 per ounce. Its lowest price was $1,722.36 on September 30. The euro was near parity to the dollar on concerns that an energy crisis could tip Europe into recession.
In India, rates of gold and silver fall today. The price of ten grams of 24-carat gold declined over the trading price on Tuesday, and is selling at Rs 50,950 on Wednesday.Â
Meanwhile, the price of 1 kilogram of silver fell on July 13, and is being sold at Rs 56,400. The price of 10 grams of 22-carat gold in Mumbai, Delhi, Kolkata, and Bengaluru is currently Rs 46,70. In Chennai, the price for the same is Rs 46,600 and it is Rs 46, 840 in Jaipur and Lucknow for again the same amount.
In major cities like Mumbai, Delhi, Kolkata and Pune, the price for 1 kg of silver was Rs 56,400 on July 13. Whereas it was Rs 61,700 per kg in Bengaluru, Chennai and Hyderabad.
This morning the price fell more. One gram of 22-carat gold was standing at Rs 4,670 this morning. While eight grams is costing Rs 37,360. Ten grams of this precious metal will set one back by Rs 46,700 while 100 grams costs Rs 4,67,000.
The rate of gold jewellery differs from State to State due to taxes imposed, excise duty and varying making charges. Over the years, gold has been a good asset against inflation. Hence, investors always looked at this metal as a valuable asset.
Although, the prices of silver in India is determined by changes in prices internationally. It also depends on the value of the rupee against the dollar. If the rupee falls against its international counterpart and the prices remain consistent internationally, and hence silver ends up becoming more delicate.Â
