Gold and silver prices fell sharply after Holi
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Gold-Silver Price: Last year the price of gold was around Rs 63 thousand. However, today it has crossed 67 thousand. A similar rise has been seen in the prices of silver also. However, after Holi, there is a decline in the prices of gold and silver. According to GoodReturns website, the price of 24 carat gold slipped by Rs 10 in early trade on Wednesday. After this, the price of ten grams of gold became Rs 66,700. At the same time, the price of 22 carat ten grams gold has reached around Rs 61,140 today. Today the price of ten grams of 24 carat gold in Mumbai is Rs 66,700, equal to Kolkata and Hyderabad. Whereas, the price of ten grams of 24 carat gold in Delhi has become Rs 66,850, in Bengaluru Rs 66,700 and in Chennai Rs 67,630. At the same time, a decline of about Rs 100 has been seen in the price of silver. After this, the price of one kilogram of silver in Delhi, Mumbai and Kolkata has become Rs 77,400.
Gold fell by Rs 77 on MCX
On Wednesday at 11.40 am, the price of gold to be delivered till August 5 on MCX fell by Rs 77 to Rs 66,853. Whereas, the price of gold to be delivered on June 5 has fallen by Rs 23 to Rs 66,663 per ten grams. The price of ten grams of gold to be delivered on April 5 has fallen by Rs 14 to Rs 66,100.
Also Read: Petrol and diesel prices changed in many cities today, check the latest rates in your city.
Gold shines in American market
Investors in the US are on the sidelines waiting for more signals on Federal Reserve policy. Along with this, after the inflation data came out, bullion was trading in a limited range. After this, American gold prices showed strength on Wednesday. Spot gold settled at $2,178.31 an ounce at 0125 GMT, after two sessions of gains. Gold prices hit record highs last week after Fed policymakers indicated they expect to cut interest rates by three-quarters of a percent by the end of 2024, despite recent high inflation readings. Spot silver was steady at $24.42 an ounce, platinum was up 0.1 per cent at $903.70 and palladium was down 0.3 per cent at $990.98.
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