Since the budget, there has been such a huge decline in gold and silver prices that gold and silver have not been able to return to their all-time high levels. A decline is being seen in the silver rate even today. Although gold is showing a rise of only Rs 72 per 10 grams on MCX, the price of silver has decreased by Rs 154. Let us know what is the price of 24 carat gold and silver?
Talking about Gold-Silver Rate on MCX, today i.e. on Tuesday, Gold was trading at Rs 69381 per 10 grams, up by Rs 72. Whereas silver fell by Rs 152 and was trading at Rs 79446 per kg. The gold rate is for October 4 futures and the silver rate is for September 5 futures.
Gold much cheaper than all time high level
Talking about the rate of gold in the bullion market, the price of 10 grams of 24 carat gold in the morning was Rs 68,904, which increased to Rs 69182 per 10 grams by the evening. That means gold has increased by Rs 280 during the day’s trading. If compared to yesterday, the gold rate has increased marginally by Rs 70 per 10 grams. Meanwhile, the gold rate is still cheaper by more than Rs 5,000 compared to its all-time high level of Rs 74,000 per 10 grams.
rise in silver prices
According to IBJA data, the silver rate has declined. Even though the price of silver has fallen by Rs 152 per kg on MCX, the price of silver has increased in the bullion market. The price of one kg pure silver is Rs 79158, whereas in the morning it was Rs 78444 per kg.
Gold price in bullion market
- 24K gold rate is Rs 69182 per 10 grams.
- The price of 22K gold is Rs 63371 per 10 grams.
- The price of 18k gold is Rs 51887 per 10 grams.
- The price of 999 purity silver is Rs 79158 per kg.
Condition of gold in international market
It is noteworthy that after the fall in the global market, the price of gold is increasing. At the international level, the Gold Rate at Global has increased by $ 10.21 per ounce to $ 2,414.99 per ounce. Whereas crude oil has increased by 1.78 dollars to 74.24 dollars per barrel.