Gold price becomes cheaper today; know the latest rate

In Lucknow, Noida, Ghaziabad, Meerut, Ayodhya, Gorakhpur, Kanpur, Varanasi, Agra and other cities of Uttar Pradesh, the rate of 24 carat gold has been recorded at Rs 98,230 per 10 grams. At the same time, the price of 22 carat gold was Rs 93,550 per 10 grams.

New Delhi: The fluctuation in the price of gold and silver continues in the month of Sawan. Before the wedding and festive season, the price of gold is seeing a decline, which has increased the stir in the bullion market. Today i.e. on July 25, there was some increase in the latest prices of gold and silver in the major cities of Uttar Pradesh, but for the last few days, a trend of decline in the price of gold has been seen. Experts believe that this is a great opportunity to shop before Rakshabandhan.

Today's gold price

In Lucknow, Noida, Ghaziabad, Meerut, Ayodhya, Gorakhpur, Kanpur, Varanasi, Agra and other cities of Uttar Pradesh, the rate of 24 carat gold has been recorded at Rs 98,230 per 10 grams. At the same time, the price of 22 carat gold was Rs 93,550 per 10 grams.

Silver price also on the rise

Along with gold, fluctuations have also been seen in the price of silver. Today, the price of silver in UP was Rs 1,29,000 per kg, which is slightly higher than last week. Due to the increasing demand for silver, its rate remains high.

Why is gold getting cheaper?

According to experts, due to the strength of the dollar in the international market and the rise in US bond yield, there is pressure on the price of gold. Investors' interest has increased due to the continuous decline in the last few days. Market experts believe that in the coming days, the price of gold may fall to Rs 95,000 per 10 grams, but after that there is also a possibility of a rise again.

In view of Rakshabandhan and other festivals, people are already shopping for jewelry. If you are also planning to buy gold or silver, then this time can prove to be beneficial. Investing before the possible fall in prices can be the right strategy.

How to know the right rate?

Gold prices may vary slightly from city to city. Consumers are advised to confirm the rates in the local bullion market or contact their trusted jewelers over the phone to know the latest rates.

Note: The prices given above are based on various sources and market estimates. There may be a slight difference from the actual rates, so do check the rates in the local market before buying.