There is an upward trend in the prices of gold and silver in the commodity market today. A day before Ganesh Chaturthi, the price of 10 grams of gold (Gold rate today) crossed Rs 60,000. An increase was also seen in the price of silver (silver price today). Let us know today’s latest prices.
One kilogram of silver seems to be trading around the price of Rs 74,700. According to the news of Money Control, in the capital Delhi, the price of 10 grams of 22 carat gold (Gold price in Delhi) was recorded at Rs 55,060 while the price of 24 carat gold was recorded at Rs 60,050.
Gold price in Delhi-Mumbai
According to the news, in the country’s financial capital Mumbai, the price of 10 grams of 22 carat gold (Gold price in Delhi) was recorded at Rs 55,050 while the price of 24 carat gold was recorded at Rs 60,050.
Similarly, in Ahmedabad the price of 10 grams of 22 carat gold was Rs 54,960 and the price of 10 grams of 24 carat gold was Rs 59,950. There has been a lot of movement in the price of gold based on demand and supply. After last Friday, the price of gold has increased by Rs 350 on Monday.
Gold and silver in mcx
The price of gold is largely influenced by global signals. If the world economy slows down, the price of gold will increase as investors start increasing their investments in gold, which is considered a safe haven.
In MCX gold rate, gold was seen trading at Rs 59,172 per 10 grams for the futures trade of October 5, while silver was seen trading at the rate of Rs 72,390 per kg for the futures trade of December 5, 2023.
Over the past few years, gold has proven to be an ideal hedge against inflation. Investors are considering gold as an important investment. Recently the government also gave an opportunity to invest in Sovereign Gold Bond.