gold price today
After a continuous rise in gold prices, a decline has been seen in the last few days. On October 25, the prices of both gold and silver have come down in the bullion markets across the country. In the capital Delhi, the price of 24 carat gold has decreased to ₹ 1,24,510 per 10 grams, while 22 carat gold is being sold at ₹ 1,14,140 per 10 grams. A similar decline is being seen in other big cities of the country also.
Market experts say that the strengthening of the dollar at the international level and reduction in trade tensions at the global level have had an impact on gold prices. Investors are now withdrawing profits from gold, due to which there is pressure on prices. Besides, the expectation of a possible trade agreement between India and America has also cooled down the gold market a bit.
Along with gold, the prices of silver have also declined. The price of silver across the country has come down to ₹ 1,54,900 per kg. Earlier, the prices were increasing due to shortage of silver in London and other foreign markets, but now after the global supply has become normal, the rates have started coming down.
Gold and silver rates in India are decided by the Indian Bullion and Jewelers Association (IBJA). Along with this, international market trends, dollar-rupee exchange rate, import duty and demand-supply situation affect the prices. There is a slight difference in the rates in every city according to the local tax and profit of the jewellers.
