Gold-Silver Price Today: Gold prices in India have seen a spectacular rise in the last two weeks. However, prices have remained almost stable in recent times. The weekly rise of 1.9 percent in gold prices helped it maintain its hold above the important support level.

Why did gold prices increase?

There are three reasons for this increase in the price of gold. Firstly, due to the war in Iran, people are withdrawing money from the stock market and investing it in gold. The second reason is the rapid purchasing by central banks. RBI and China’s POBC are increasing the amount of gold in their foreign exchange reserves. This is providing support to the prices.

On top of this, inflation data in America and the possibility of interest rate cuts have slightly weakened the dollar, which has further increased the shine of gold. According to data from GoodReturns, there is no change in gold prices in the country today as compared to yesterday, which indicates a stagnation after the recent ups and downs.

gold price today

• Today the price of 1 gram 24 carat gold is Rs 15,093. The price of 8 grams is Rs 1,20,744, while the price of 10 grams is Rs 1,50,930. The price of 100 grams of 24 carat gold is Rs 15,09,300.
• In the 22 carat segment, the price of 1 gram is Rs 13,835, there is no change in this as compared to yesterday. The rate of 8 grams is Rs 1,10,680, while the rate of 10 grams is Rs 1,38,350. The price for 100 grams is Rs 13,83,500.
• Similarly, the price of 1 gram of 18 carat gold is Rs 11,320, while the price of 8 grams is Rs 90,560. The rate of 10 grams is Rs 1,13,200 and the price of 100 grams is Rs 11,32,000.

price of silver

There is no change in the price of silver in the country today. Today the price of silver in India remains at the level of Rs 250 per gram and Rs 2,50,000 per kilogram. Today in many cities like Mumbai, Delhi, Kolkata, Bengaluru, Pune, Ahmedabad, the price of 10 grams of silver is Rs 2,500, the price of 100 grams is Rs 25,000 and the price of one kilogram of silver is Rs 2,50,000. Whereas in Chennai, Hyderabad its price per 10 grams, 100 grams and one kilogram is Rs 2,550, Rs 25,500 and Rs 25,500 respectively. It is Rs 2,55,000.

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Gold and Silver Price: A rise in gold prices is being seen in India today. The price of gold from 24 carat to 22 carat and 18 carat continued to rise for the second consecutive session. Silver prices have also increased in the last two days. This shows signs of improvement in the bullion market and also shows the nervousness among investors during the war in Iran. Due to this, the prices of gold and silver have increased due to the demand for safe haven.

24 carat

On Wednesday, March 11, the price of 24 carat gold in India increased by Rs 93 per gram to Rs 16331 per gram. Accordingly, the price of 10 grams of 24 carat gold has increased by Rs 930 to Rs 163310 and the price of 24 carat gold per 100 grams has increased by Rs 9300 to Rs 16,33,100.

22 carat

On Wednesday, March 11, the price of 22 carat gold has increased by Rs 85 per gram. With this, its price has now reached Rs 14970 per gram. Similarly, the price of 22 carat gold per 10 grams has increased by Rs 850 to Rs 149700 and the price per 100 grams has become costlier by Rs 8500 to Rs 14,97,000 today.

18 carat

The rate of 18 carat gold in India increased by Rs 69 per gram to Rs 12248 per gram on March 11. According to this, the price per 10 grams and per 100 grams today is Rs 1,22,480 and Rs 12,24,800 respectively.

Gold price in some big cities

• Today in Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune, the price of 24 carat gold is Rs 16331, the price of 22 carat is Rs 15120 and the price of 18 carat is Rs 12248.
• Today the price of 24 carat gold per gram in the national capital Delhi is Rs 16346. Whereas here the price of 22 carat and 18 carat is Rs 14985 and Rs 12263 respectively.
• Today in Chennai, the price of 24 carat gold is Rs 16495 per gram, the price of 22 carat gold is Rs 15120 per gram and the price of 18 carat gold is Rs 12950 per gram.

What is the price of silver?

There was no change in the price of silver in India today. Today the rate of silver is stable at Rs 290 per gram and Rs 2,90,000 per kilogram. Today, in cities like Mumbai, Delhi, Kolkata, Bengaluru, Pune, Vadodara and Ahmedabad, silver is being sold at Rs 2900 per 10 grams. At the same time, the price of one kg silver in these cities is Rs 2,90,000. The price of silver per 10 grams in Chennai is Rs 3000.

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Gold-Silver Price Today: Due to increasing tension between America and Iran, a rise in the prices of gold and silver is being seen today on 20th February. Light buying of MCX gold was seen. However, the price remained around Rs 1.53 lakh per 10 grams. MCX Silver is also trading above Rs 2.43 lakh with a slight increase. At the same time, the price of spot gold is trading above the mark of $5010.

Let us tell you that US President Donald Trump has openly warned Iran and given an ultimatum of 10-15 days for a nuclear deal, otherwise he has also threatened Iran of facing serious consequences.

Gold is costlier in India than Dubai

Today the price of 24 carat gold in the country is Rs 155,620 per 10 grams, which is Rs 830 more than the previous closing price. At the same time, the price of 22 carat gold today is Rs 142,652 per 10 grams. Gold prices in India are largely determined by the international spot gold rate, fluctuations in the US dollar and import duty on gold, etc. At present, gold is being sold at a higher rate in our country than in Dubai.

Today, the price of 24 carat gold per 10 grams in the country is Rs 155,620, while in Dubai it is Rs 147,844, which shows a difference of 7,776 or 5.26 percent. Similarly, the prices of 22 carat and 18 carat gold in India are also about 5.26 percent higher than the price of gold in Dubai. Fees, duties and taxes are not included in this. Overall, today the price of 24 carat gold in India has increased by Rs 830 per 10 grams, the price of 22 carat gold has increased by Rs 760.90 and the price of 18 carat gold has increased by Rs 622.50.

Why did gold prices increase?

Gold prices are going up and down due to the strengthening of the dollar because the strengthening of the dollar against other currencies in the currency basket usually makes gold expensive for buyers in other currencies, which reduces its demand.

The minutes of the US Federal Reserve’s FOMC meeting revealed that policy makers are divided in opinion regarding rate cuts. Some say that if inflation targets are not met then interest rates may increase. However, according to the CME Fedwatch tool, the market is still expecting at least two rate cuts for this year. Gold performs well in a low interest rate environment. Additionally, tensions between the US and Iran are also increasing the appeal of the safe-haven.

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