Gold Prices Rise Again, Silver Drops by ₹5,000; Check Today’s Latest Rates.

In the Delhi bullion market, the price of gold has risen by ₹500 to reach ₹1,49,800 per 10 grams, while the price of silver has fallen by ₹5,000 to stand at ₹2.27 lakh per kilogram. Here are the latest rates for gold and silver today.

If you are planning to buy gold or silver, you should definitely be aware of today’s latest prices. Gold prices in the Delhi bullion market have increased for the second consecutive day, whereas silver prices have witnessed a significant drop.

You can find detailed information about the latest gold and silver rates here. In short, gold has become dearer by ₹500 today, while silver has become cheaper by ₹5,000 per kilogram.

By how much has gold become more expensive?

Gold prices in the bullion market saw an upward trend for the second consecutive day today. Gold rose by ₹500 to reach ₹1,49,800 per 10 grams. In the previous trading session, gold with 99.9% purity had closed at ₹1,49,300 per 10 grams.

By how much did silver prices fall?

While gold prices rose, silver witnessed a decline. Today, the price of silver dropped by ₹5,000 to ₹2.27 lakh per kilogram. Previously, silver had closed at ₹2.32 lakh per kilogram. This means the price of silver decreased by ₹5,000 in a single trading session.

Both gold and silver became cheaper this week

Despite the recovery in gold prices over the last two trading sessions, the metal remains lower when looking at the week as a whole. Gold prices have fallen by ₹2,800—or approximately 2 percent—this week. Meanwhile, the price of silver has recorded a decline of ₹10,000, or approximately 4.2 percent. This indicates that precious metals have remained under pressure this week.

Rise in Gold and Silver Prices in International Markets

Gold and silver prices are also witnessing an upward trend in global markets today. Spot gold has risen by $11.94 (0.29 percent) to reach $4,169.06 per ounce, while the price of silver has increased by nearly 1 percent to touch $60.79 per ounce.

Is the Bullion Market Closed Today?

The national capital’s bullion market will remain closed today, Friday, on account of ‘Gandhi Jayanti’. Consequently, the next trading update for the domestic gold and silver markets will only be available once the market reopens. It will be crucial for investors and buyers to observe how the movements of international markets and the rupee—following the holiday—impact domestic prices.