Gold price today: On the one hand, after a long meeting that lasted for the last two days in Geneva, there was a consensus on the trade agreement between the US and China, the tension on the India Pakistan border has reduced after the second ceasefire. After this, on Monday, the prices of both gold and silver have seen a decline amid the strength in the dollar.

Fresh sense of your city

Let us know today, on which price gold and silver are trading in the market in your city on May 12.

In Mumbai, 24 carat gold is being sold at Rs 9,867 per 10 grams and 22 carat gold is being sold at Rs 9,044. Talking about the national capital Delhi, 24 carat gold is trading at the rate of Rs 9,882 and 22 carat gold at the rate of Rs 9,059 per 10 grams. In Chennai, 24 carat gold is being sold at Rs 9,867, while 22 carat gold is being sold at the rate of Rs 9,044. While 24 carat gold in Bengaluru is being sold at Rs 9,867, while 22 carat gold is being sold at the rate of Rs 9,044 per 10 grams.

In Kolkata, 24 carat gold is being sold at Rs 9,867 while 22 carat gold is being sold at Rs 9,044 per 10 grams. At the same time, 24 carat gold in Bengaluru is trading at Rs 9,867 while 22 carat gold is trading at the rate of Rs 9,044.

Positive trends from America China trade deal

Talking about Ahmedabad, 24 carat gold is trading at Rs 9,866 per 10 grams while 22 carat gold is trading at Rs 9,044. Market experts believe that despite the fall in their prices recently, geopolitical tension, US inflation figures released on Tuesday and central bank policies will see further impact on this.

Significantly, this decline in gold and silver has come amidst the positive trends in the global market and the expectations being expressed by investors. In the initial Asian trade, the price of spot gold has fallen by 1.4 percent to $ 3,277.68 an ounce. Whereas, US Gold Futures slipped 1.9 percent to $ 3,281.40. This decline in yellow metal has come after consent on American and China trade deal. It is expected that a common statement can be issued today by both these economic superpowers of the world.

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Gold price today: Due to some decrease in global uncertainties, there can be a decrease in pressure on gold in India, although it is still considered to be the safest option for investors. If you compare Akshaya Tritiya this time with Akshaya Tritiya last year, then the price of gold has increased by about 30 percent. Whereas, according to the reports of the industry, the price of gold has increased by about 100 percent in the previous years.

According to the official website, gold was trading at Rs 94,611 per 10 grams at MCX at around 7.20 am. That is, its price has come down by about 91 rupees today. Whereas, silver on MCX is being sold at a price of Rs 94,561 per kg, that is, it has a decline of Rs 2,301.

Gold and silver decline

According to the Indian Bullion Association, the price of 24 carat gold was Rs 94,880 at 7.20 am, while 22 carat gold was trading at Rs 86,973. At the same time, silver (silver fine 999) is being sold at the rate of Rs 95,950 per kg. The special thing is that today is May 1 which is celebrated all over India as Labor Day. Apart from this, there is also Maharashtra Day, due to which the stock market is closed. Gold trade on MCX will be second half i.e. from five in the evening to eleven and a half in the night.

Your city’s new rates-

The bullion rate of gold in the financial capital Mumbai is Rs 95,710 per ten grams while Karoba is doing Karoba at the rate of Rs 94,611 on MCX. Similarly, the bullion rate of silver is Rs 95,780 per kg, while silver (999 silver fine) at MCX is Rs 94,561 per kg.

In Chennai, the bullion rate of gold is being sold at Rs 94,990, while ACX is being sold at Rs 94,611 per 10 grams. While silver on bullion is being sold at Rs 96,060 per kg, at MCX for Rs 94,561.

Talking about Kolkata, the price of gold on the bullion here is Rs 94,580 per 10 grams while Rs 94,611 on MCX. While the price of silver on the bullion is Rs 95,650, the silver on MCX is trading at the rate of Rs 94,561 per kg.

Also read: Why the stock market is closed today, why trading is not happening in the beginning of May, know the special reason