Gold Price Today: If you are also keeping an eye on gold prices and looking for the right opportunity to buy, then today’s news is very important for you. The easing of tensions between Iran and Israel in the Middle East and the positive news of the US-China trade agreement have reduced the demand for gold.
Sharp drop in gold prices in big cities, including Delhi and Mumbai
The price of 99.9% purity gold in Delhi has fallen by a huge ₹ 930 today to ₹ 97,670 per 10 grams, which was ₹ 98,600 per 10 grams on Thursday. At the same time, the price of 99.5% purity gold has come down by ₹ 850 to ₹ 97,200 per 10 grams. These figures have come out in the report of the All India Sarafa Association. The price of silver has also come down by ₹ 100 to ₹ 1,03,000 per kg, which was earlier ₹ 1,03,100 per kg.
What are today rates in other cities across the country
Talking about other big cities of the country, the price of 24 carat gold today was ₹ 9,742 per gram in cities like Mumbai, Bengaluru, Hyderabad, Chennai and Kolkata. While in Delhi and Lucknow, this price was slightly higher at ₹ 9,757 per gram. 22 carat gold was ₹ 8,930 per gram in most cities and ₹ 8,945 per gram in Delhi-Lucknow. The price of 18 carat gold was recorded at ₹ 7,307 per gram, while in Delhi-Lucknow it was ₹ 7,319 and in Chennai it was ₹ 7,360 per gram.
The trend of decline continues in the international market as well
Talking about the international market, the trend of decline continues there as well. The price of spot gold has fallen by USD 43.45 or 1.31% to USD 3,284.40 per ounce. On Thursday, it had registered a decline of about 2%, due to which it reached the lowest level since May 29. Gold’s “haven” shine has weakened due to increasing risk-taking tendencies among investors and inflation figures.
Possible cuts and stability in interest rates reduced demand
An unexpected decline in consumer spending and a stable inflation rate in the US is expected to lead the Federal Reserve to cut interest rates in the year 2025. It is expected that this cut can start from September. As economic and political stability increases, investors turn away from gold to other options. This is the reason why the price of gold is declining at this time.
Is this the time to buy gold
If you are planning to buy gold at this time, then this fall can be a golden opportunity for you. Whether it is to invest or to get jewellery made, everyone wants to buy gold at a low price, and perhaps this is the right time to fulfil that desire.
Disclaimer: This article has been prepared based on the latest reports related to gold and silver prices and the fall in the international market. Prices may change according to time, place and market conditions. Before investing, please get the latest information from authorised sources.
Also Read:
Gold Price Update 2025: Relief from Weak Dollar and Rate Cut Hopes, But Risks Still Loom
Today Gold Price: Fluctuating Gold and Silver Rates, Check Today’s Price and Key Market Insights
Gold Prices on May 1: Maharashtra Day Brings Market Closure, But Precious Metals Still Shine
Dailynews24 App :
Read the latest News of Country, Education, Entertainment, Business Updates, Religion, Cricket, Horoscope Here. Read Daily Breaking News in English and Short Video News Covers.
