Gold and silver prices decline from Delhi to Chennai; Know here details

The price of 24 carat gold has seen a decline of Rs 110 per 10 grams, while there has not been much change in the prices of silver.

New Delhi: There has been a slight decline in the prices of gold and silver across the country on Wednesday.

While there was fluctuation in the price of gold in the last few days, now this trend seems to be moving towards stability.

Today, the price of 24 carat gold has seen a decline of Rs 110 per 10 grams, while there has not been much change in the prices of silver.

Market experts believe that this change in the prices of gold and silver is being seen due to US trade deals and global economic activities. Apart from this, investors are also keeping an eye on the monetary policies of central banks, due to which there is instability in the market.

Slight decline in gold prices
On July 30, the price of 24 carat gold has come down from Rs 99,920 to Rs 99,810 per 10 grams. Prices were stable on Tuesday, but a slight decline was recorded in early trade on Wednesday.

Silver prices stable

Silver prices also did not see much change. The silver rate on July 29 was Rs 1,16,000 per kg, which fell to Rs 1,15,900 per kg on Wednesday morning.

What are the gold rates today from Delhi to Chennai?

City 24 carat (10 grams) 22 carat (10 grams)

Delhi ₹99,960 ₹91,640
Mumbai ₹99,810 ₹91,490
Chennai ₹99,810 ₹91,490
Kolkata ₹99,810 ₹91,490
Bengaluru ₹99,810 ₹91,490
Chandigarh ₹99,960 ₹91,640
Agra ₹99,960 ₹91,640
Hyderabad ₹99,810 ₹91,940
Ahmedabad ₹99,860 ₹91,540
Bhopal ₹99,960 ₹91,540

Slight fall in gold prices

Latest silver rates in your city (per kg)

City Silver Price (₹/kg)

Delhi ₹1,15,900
Mumbai ₹1,15,900
Chennai ₹1,15,900
Hyderabad ₹1,25,900
Bengaluru ₹1,15,900
Bhopal ₹1,15,900
Agra ₹1,15,900
Ghaziabad ₹1,15,900
Aurangabad ₹1,15,900
Bhiwandi ₹1,15,900
Mysore ₹1,15,900

Reason for fall What is it?

Recently, gold prices had reached record highs. Now the new trade deal being done by the US, the strength of the dollar, and the possible decisions of the central banks have brought some softening in the prices of gold and silver. Investors are cautious and the market is waiting for any major decision.

Opportunity for buying?

Experts believe that this fall can be a good opportunity for investors who want to buy gold or silver for the long term. However, short-term investors are advised to be cautious as the global situation still remains unstable.