By Admin 
Gold price today: There is good news for those who buy gold. Gold prices have declined on Thursday after the prices rise for about a week. The appeal of gold has decreased as a safe investment in the US due to the talk of a matter of talks on the trade deal with many of its trading partners like Japan.
Price has so low in a day
On Wednesday, the price of 24 carat gold reached a new all-time high level of Rs 1,02,330 per 10 grams. On Thursday, July 24, its price has come down by Rs 1,360 to Rs 1,00,970 per 10 grams. Meanwhile, gold prices in India have also declined because traders have also made profits due to the increase in prices from about a week.
Today 24 carat gold prices in these big cities
The price of gold in India was recorded on Thursday. The price of 24 carat gold has come down by Rs 1,360 per 10 grams to Rs 1,00,970 today. At the same time, 22 carat gold price today is reduced to Rs 1,250 per 10 grams to Rs 92,550 per 10 grams. Similarly, the price of 18 carat gold has also come down by Rs 1,020 per 10 grams to Rs 75,730 per 10 grams.
The price of 24 carat gold in cities like Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Kerala and Pune is Rs 10,097 per gram. At the same time, the price of 24 carat gold in the capital Delhi today is Rs 10,112 per gram. The price of 24 carat gold in Vadodara and Ahmedabad is Rs 10,102 per gram.
Silver also reduced price
At the same time, if we talk about silver, after two days of rise, its price has also fallen by Rs 1000. Currently, the retail price of 1 kg of silver in India is Rs 1,18,000. While the price of 100 grams of silver in India has fallen by Rs 100 to Rs 11,800.
Expert opinion on the price of gold
According to the report of Gudernus, Ajay Kedia, director of Kedia Advisory, says, the focus of the market will be on the Federal Reserve meeting next week. There is more hope not to make any changes in the interest rates of Fed Reserve. Businessmen are now eyeing the possible cuts in interest rates by the end of October.
He further said, the domestic demand for gold in India remains weak as it disappointed the retail investors after the prices reached the high level, which had to increase the price discount to $ 10 an $ 10 an ounce, which was earlier $ 8 an ounce. Apart from this, the import of gold in June also declined by 40 percent to 21 tons, which is the lowest in more than two years. Gold support level is currently Rs 98,915, which can go below the level of 98,410. While there is a registration at 100,240, you can touch a level of 101,060 on going above.
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