Gold Price Today: Gold becomes cheaper from Lucknow to Gorakhpur, silver remains stable; Check latest rates

In UP today, i.e., 16th July, gold prices have recorded a slight decline. In major cities including Lucknow, Kanpur, and Varanasi, 24-carat gold has reached ₹99,910 per 10 grams.

Lucknow: With the advent of Sawan, the process of fluctuations in gold and silver prices in the bullion markets of Uttar Pradesh has also intensified. Today, i.e., on July 16, there has been a slight decline in gold prices in UP, which has blossomed the faces of buyers. If you are thinking of shopping for gold this spring, then today can prove to be beneficial for you, reports Dynamite News correspondent.

Bullion market declining trend

As soon as the market opened, there wasa slight decline in 24-carat gold prices. 24-carat gold is being sold at the rate of ₹ 99,910 per 10 grams in other cities, including major cities of UP like Lucknow, Varanasi, Ghaziabad, Noida, Agra, Meerut, Ayodhya, Gorakhpur, and Kanpur. At the same time, 22-carat gold is made at a level of ₹ 91,590 per 10 grams, and 18-carat gold is ₹ 74,940 per 10 grams.

Silver prices stable

While there has been a slight decline in gold, there has been no change in the price of silver. Today, silver is being sold at the rate of ₹ 114,900 per kg in UP markets on 16 July. Experts believe that silver prices remain stable due to domestic demand and global trends.

Will the plunge continue?

According to experts, gold prices have been continuously seen for the past few days. In such a situation, it is being speculated that if this trend continues, the price of 24-carat gold in the near future may fall to a level of ₹ 95,000 per 10 grams. However, this process of market fluctuations may continue even further.

What to do before shopping?

If you are planning to purchase gold today or in the coming days, then it is advisable that you contact the authorized jewelers of your city and take information about the fresh sense. Sometimes online or reported rates may have a slight difference from the actual market price.

Better opportunity for consumers

Due to festivals like Sawan and Rakshabandhan, people traditionally shop for gold and silver. In such a situation, the current decline has brought a better opportunity for him. Gold is also considered a safe option in terms of investment, and when the price is down, the purchase can prove to be beneficial.

Overall, the fall in gold prices in UP on July 16 is relief news for consumers. In such a situation, if you want to buy gold for the purpose of auspicious works or investment in the spring, then the current time can be favorable for you. However, it is necessary to get fresh information from the local market before taking a final decision.

Note: This report is based on the approximate market data. Differences in actual rates are possible.