By Admin 
- On Sunday, the prices of gold and silver remained the same as yesterday.
- Prices remained stable due to closure of both the bullion market and MCX.
- Experts expect long-term uptrend due to West Asia crisis.
- Better for long term investment, be careful in short term.
Gold-Silver Rate Today on May 31: Today on Sunday, the prices of gold and silver in the country remain at the same rate as yesterday. There is no new change in these today. Both the Indian bullion market and Multi Commodity Exchange (MCX) remain closed on Sunday, hence the prices of gold and silver also remain stable at yesterday’s level.
city wise gold prices
| City | 24 carat gold price (per 10 grams) | 22 carat gold price (per 10 grams) |
| Kolkata | Rs 1,57,650 | Rs 1,44,510 |
| Delhi | Rs 1,57,800 | Rs 1,44,660 |
| Mumbai | Rs 1,57,650 | Rs 1,44,510 |
| Chennai | Rs 1,59,290 | Rs 1,46,010 |
| Bengaluru | Rs 1,57,650 | Rs 1,44,510 |
price of silver today
Silver prices also remained at yesterday’s level in major spot markets across the country. Its average price at the national level is around Rs 2,75,000 per kg. In some local industrial markets of Delhi and Chennai, the maximum price remains around Rs 2,80,000 per kg.
Since today is weekend, there is no change in prices. Now the next big change will be visible only after the MCX market opens at 9 am on Monday, June 1. In view of the ongoing crisis in West Asia and uncertainty in the peace talks between America and Iran, experts are believing that the prices of gold and silver will rise in the long term.
Is now the right time to buy?
If you want to invest from a long term perspective (3 to 5 years), then you can start investing immediately. History has witnessed that whenever there is a situation like war or economic crisis in the world, gold proves to be a safe asset. It gives excellent returns in the long run.
However, if your vision is for short term of 3 to 6 months, then it would be better to wait for now. There is huge fluctuation in the market. Any news of peace agreement between America and Iran can suddenly cause a temporary fall in prices by Rs 5000-8000 per 10 grams.
Also read:
Gold Import Duty: Due to this one decision of the government, the shine of gold faded, purchases decreased by 70%, there was a stir in the market.