Gold and Silver Prices Today: Gold and silver prices dropped on Ganesh Chaturthi; gold settled at ₹1.41 lakh..

Fluctuations in gold and silver prices have been observed for several days. Today, September 14—the occasion of Ganesh Chaturthi—brings significant news for gold buyers. A drop in gold prices has been recorded in most major cities across the country. Gold rates remain stable in the international market as well. Data on gem and jewelry exports has also been released, showing an increase in the export of gold jewelry. In the bullion market, the price of 24-carat gold has decreased in Delhi.

Cities such as Mumbai, Kolkata, Chennai, and Bengaluru have also seen a decline in gold prices. Gold prices had fallen last week as well; 24-carat gold became cheaper by approximately ₹220, and 22-carat gold by about ₹200. If you are planning to buy gold or silver today for the festival, it is important to know the current rates.

What is the price of gold in Delhi?
In the national capital, Delhi, the price of 24-carat gold stands at ₹1,54,720 per 10 grams on September 14. Meanwhile, the price of 22-carat gold is ₹1,41,840 per 10 grams. In other cities like Mumbai and Kolkata, 24-carat gold is priced at ₹1,54,570 and 22-carat gold at ₹1,41,690 per 10 grams; the rates are the same in Chennai. In Ahmedabad and Bhopal, 24-carat gold is ₹1,54,620, while 22-carat gold is ₹1,41,740 per 10 grams. In Jaipur, Lucknow, and Chandigarh, the price of 24-carat gold is ₹1,54,720, and the price of 22-carat gold is ₹1,41,840 per 10 grams.

Silver has also become cheaper.

Along with gold, a decline in silver prices has also been observed. On the morning of September 14, the price of silver dropped to approximately ₹2,44,900 per kilogram. Last week, a drop of about ₹5,000 was recorded in the price of silver. Silver prices have also slipped in the international market. According to a Moneycontrol report, spot silver is trading at around $64.54 per ounce. This trend is also being reflected in domestic market prices.

Analysts' views on gold prices

According to a Business Line report, future gold prices will be influenced by US Federal Reserve policies, crude oil rates, the movement of the dollar, inflation expectations, and global tensions. Jatin Trivedi, VP of Research Analysis at LKP Securities, states that if crude oil prices drop or the US Fed adopts a softer stance, gold prices could rally again. Conversely, rising oil prices or a hawkish stance by the Fed could trigger renewed selling in gold.

Disclaimer: This content has been sourced and edited from News18 Hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.