North India Statesman
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Gold prices again declined today. Strong global cues, a weak dollar and the end of the US government shutdown have boosted demand. Its effect is also visible on the domestic market. On November 16, the price of 24 carat gold in the capital Delhi had become ₹ 1,25,230 per 10 grams. Today gold prices have again fallen by ₹ 1,950.
There has once again been a big fall in the price of 10 grams of gold in Delhi on November 16. Today the price of 24 carat gold in Delhi is Rs 1,25,230, while the price of 22 carat gold is Rs 1,14,800.
At present, the price of 22 carat gold in Mumbai, Chennai and Kolkata is Rs 1,14,650 per 10 grams, while the price of 24 carat gold is Rs 1,25,080.
Along with this, the price of 22 carat gold in Ahmedabad, Surat, Rajkot and Vadodara is Rs 1,14,700. The price of 24 carat gold has reached Rs 1,25,130 per 10 grams.
Silver prices have increased by ₹16,500 in a week. On November 16, it reached ₹1,69,000 per kg. The spot price of silver in foreign markets has reached $ 52.03 an ounce. Gold prices are influenced by both domestic and global factors, both domestically and internationally.
The current price of gold globally has reached $ 3,996.93 per ounce. Goldman Sachs estimates that gold will reach $4,900 an ounce by December 2026.
ANZ believes gold will reach $4,600 an ounce by the middle of next year. DSP Merrill Lynch also believes that the gold boom is not over yet.
