Gold and silver prices started trading with a decline on Wednesday following the ongoing conflict in West Asia and recent statements by US officials. The effect of increasing instability in the energy market is also visible on precious metals. The price of silver fell by Rs 1560 to Rs 2.75 lakh per kg. At the same time, the price of gold fell by Rs 560 to Rs 1.63 lakh per 10 grams.
Price of gold and silver in domestic market
A slight increase has been registered in the prices of gold today in the capital Delhi. 24 carat gold has become costlier by ₹ 10 per 10 grams, while 22 carat gold has also increased by ₹ 10 per 10 grams. If we look at the trend of the last two days, a sharp rise has been seen in gold. 24 carat gold has become costlier by a total of ₹ 710 per 10 grams in two days, while the price of 22 carat gold has also increased by ₹ 660 per 10 grams in two days. Silver prices are also continuously rising. One kg silver has become costlier in the capital for the second consecutive day. After a one-day decline, the price of silver has increased to ₹ 10,100 per kg in the last two days, indicating strength in the market again.
Gold and silver prices in global markets
Spot gold prices were down 0.34% at $5,224 an ounce during Asian trading hours, although they still remained above the $5,200 level. At the same time, the price of spot silver also fell by 0.32% to $ 89.35 an ounce.
