North India Statesman
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Today is a mixed day for those buying gold and silver. On one hand, gold has increased for the second consecutive day, while on the other hand, the price of silver is showing a decline. All this turmoil is happening before the important meeting of the US Central Bank Federal Reserve, on which the eyes of investors around the world are fixed.
If you are thinking of buying gold today, it will be slightly costlier in Delhi than yesterday. 24 carat gold has become costlier by ₹10 per 10 grams. At the same time, its price has increased by ₹ 280 in the last two days. At the same time, there is relief news for those who buy silver. One kg silver in Delhi has become cheaper by ₹100 today, and has fallen by ₹1100 in the last two days.
Why is this happening?
The biggest reason behind this stir is the US Federal Reserve meeting to be held on December 9-10. The market is hopeful that this time interest rates may be cut. If interest rates fall, investments such as bonds become less profitable.
In such a situation, investors prefer to invest their money in safe assets like gold.
This increases the demand for gold and increases its prices.
Today’s price (10 gram gold rate) in big cities of the country
| City | 24 carat (₹) | 22 carat (₹) | 18 carat (₹) |
| Delhi | ₹1,30,580 | ₹1,19,710 | ₹97,980 |
| Mumbai | ₹1,30,430 | ₹1,19,560 | ₹97,830 |
| Kolkata | ₹1,30,430 | ₹1,19,560 | ₹97,830 |
| Chennai | ₹1,31,340 | ₹1,20,390 | ₹1,00,390 |
| Bengaluru | ₹1,30,430 | ₹1,19,560 | ₹97,830 |
| Hyderabad | ₹1,30,430 | ₹1,19,560 | ₹97,830 |
| Lucknow | ₹1,30,580 | ₹1,19,710 | ₹97,980 |
| Patna | ₹1,30,480 | ₹1,19,610 | ₹97,880 |
| Jaipur | ₹1,30,580 | ₹1,19,710 | ₹97,980 |
| Ahmedabad | ₹1,30,480 | ₹1,19,610 | ₹97,880 |
Silver continues to fall, most expensive in Chennai
The price of silver has declined for the second consecutive day. Price of 1 kg silver today in Delhi, Mumbai and Kolkata ₹1,88,900 Is. But if you are in Chennai, then you will get this silver ₹1,97,900 It will be available per kilogram, which is the highest among the big metros of the country.
Why will we keep an eye on the market this week?
Experts believe that this entire week is very important for the gold and silver market. The direction of prices will be determined by these three things:
- US Federal Reserve policy But signs to come.
- China and America Economic data coming from.
- rupee against dollar The move of.
Pranav Mer of JM Financial Services says traders will keep an eye on the FOMC meeting, Fed Chairman Jerome Powell’s press conference and US jobs data. He also believes that industrial demand for silver remains strong, which could push it to ₹2,00,000 to ₹2,25,000 per kg in the short-term.
