By Admin 
- Today the prices of gold and silver fell in the Indian bullion market.
- The prices decreased due to the tightening of the US Fed and the strengthening of the dollar.
- After the peace agreement, investors turned towards the stock market.
Gold-Silver Rate Today on June 20: Today on Saturday, a slight decline in the prices of gold and silver is being seen in the Indian bullion market. Today the price of 24 carat pure gold is around Rs 1,46,480 per 10 grams and the rate of silver is around Rs 2,50,000 per kg. Similarly, today the rate of 22 carat gold is Rs 1,39,500 per 10 grams and that of 18 carat is Rs 1,12,270 per 10 grams.
What is the price of gold city wise?
- Today the price of 24 carat gold in Delhi and Ghaziabad is Rs 1,46,480 per 10 grams. Similarly, today the price of 22 carat gold per 10 grams is Rs 1,39,500.
- Today, the price of 24 and 22 carat gold per 10 grams in Mumbai is Rs 1,49,500 and Rs 1,37,040 respectively.
- Today in Kolkata, the price of 24 carat gold is Rs 1,49,500 per 10 and the price of 22 carat is Rs 1,37,040.
- Today in Chennai, the price of 24 carat gold per 10 grams is Rs 1,52,170 and the price of 22 carat gold is Rs 1,39,490.
- Today in Bengaluru, the price of 24 and 22 carat gold per 10 grams is Rs 1,49,500 and Rs 1,37,040 respectively.
price of silver
Today the price of silver is approximately between Rs 2,49,900 to Rs 2,55,000 per kg. Today its price in Delhi (NCR), Ghaziabad is Rs 2,55,000 per kg. The price in Mumbai and Kolkata is Rs 2,49,900 per kg. The highest price in Chennai is Rs 2,70,000.
Why are prices falling?
- For the last few days, gold and silver prices have been seen falling continuously on the global and domestic futures markets (MCX). The strict stance of the US Fed can be held responsible for this. The Federal Reserve has indicated that interest rates may be increased this year to control rising inflation. Amid fears of rising interest rates, investors start withdrawing money from non-interest bearing assets like gold and investing it in government bonds. Due to this the demand for gold decreases.
- The strength of the US dollar is also a major reason for the fall in prices. The US dollar has reached a one-year record high in the international market. Since gold is traded internationally in dollars, when the dollar strengthens, it becomes expensive for people with other currencies like the Indian Rupee to buy gold. Due to this its sales reduce at the global level. Meanwhile, the atmosphere of war and tension has reduced due to the peace agreement between America and Iran. This has led to a decline in investment in gold as a safe investment. Investors have now started turning to the stock market again.
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