By Admin 
- Gold and silver prices fell in Indian markets today.
- 24 carat gold fell 1.18% to ₹1,43,890 per 10 grams.
- Silver fell 3.35% to ₹2.29 lakh per kg.
- Prices were affected by fears of US Fed rate hike.
Gold-Silver Rate Today on July 9: Today, a decline in the prices of gold and silver is being seen in India. Even though gold is trading without any change on COMEX (Commodity Exchange) today at $ 4804.70 per ounce. This shows that geopolitical tensions at the international level have not had any immediate impact on prices. However, prices have declined at the domestic level.
What is the price of gold today?
Today, the price of 24 carat gold per 10 grams in the bullion markets of the country is Rs 1,43,890, which shows a decline of 1.18% as compared to yesterday. Yesterday the price of 24 carat gold was around Rs 1,45,600. Similarly, today the price of 22 carat gold is Rs 1,31,803 per 10 grams, which is Rs 1574 less than yesterday’s level of Rs 1,33,377 per 10 grams. That means the prices per gram have fallen by Rs 157. Today the price of 18 carat gold per 10 grams is Rs 1,07,917.5, whereas yesterday the price was Rs 1,09,206.13, which was Rs 1288 more.
city wise gold prices
| City | 24 carat gold price (per 10 grams) | 22 carat gold price (per 10 grams) |
| Delhi | Rs 1,43,650 | Rs 1,31,680 |
| Mumbai | Rs 1,44,090 | Rs 1,31,940 |
| Kolkata | Rs 1,44,090 | Rs 1,32,000 |
| Chennai | Rs 1,44,450 | Rs 1,32,350 |
| Bengaluru | Rs 1,44,090 | Rs 1,31,940 |
| Hyderabad | Rs 1,44,150 | Rs 1,32,000 |
| Ahmedabad | Rs 1,44,090 | Rs 1,31,940 |
silver prices today
Today in the global market, silver is trading at $ 58.69 per troy ounce with a slight increase of 0.26% compared to yesterday. Silver has reached Rs 2.29 lakh per kg in Indian markets with a decline of 3.35% compared to yesterday. Earlier, amid geopolitical tensions and global uncertainties, silver had reached a record high level, but now fluctuations are being seen in prices again.
Connection of decline in gold and silver to America
In view of the breakdown of peace talks between America and Iran and increasing tension in the Middle East, crude oil has jumped by more than 5% in the international market and crossed $ 78 per barrel. Due to oil becoming expensive, there will be a fear of inflation increasing in the global markets, to control which the US Federal Reserve (US Fed) will have to increase interest rates. Due to this, investors will start withdrawing money from gold and silver and investing it in government bonds, which will reduce the demand for precious metals and prices will fall.
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