Gold Price Today / Gold at a month's low, became so cheap, silver became expensive

There has been continuous volatility in the bullion market in the last few days. Gold prices have declined in the last trading session, while silver prices have risen. Gold fell by Rs 48 to Rs 47,814 per ten grams in the Delhi bullion market on Wednesday amid a weak trend in global markets. Gold closed at 47,862 on the previous day.

Vikrant Shekhawat : Jun 17, 2021, 01:02 PM

Gold-Silver Price Updates: There has been continuous volatility in the bullion market in the last few days. Gold prices have declined in the last trading session, while silver prices have risen. Gold fell by Rs 48 to Rs 47,814 per ten grams in the Delhi bullion market on Wednesday amid a weak trend in global markets. Gold closed at 47,862 on the previous day. At the same time, with a jump of Rs 340 in silver, its price stood at Rs 70,589 per kg. In the previous session, the closing price of silver was at 70,249.

22kt and 24kt gold price

If you look at the Good Returns website, today the price of 24 carat gold is running at 4,840 on 1 gram, 38,720 on 8 grams, 48,400 on 10 grams and 4,84,000 on 100 grams. If you see per 10 grams, then 22 carat gold is being sold at 47,400.

If we look at the prices of gold in major cities, then the price of 22 carat gold in Delhi is 47,490 and 24 carat gold is running at 51,590. In Mumbai, 22 carat gold is running at 47,400 and 24 carat gold at 48,400. In Kolkata, 22 carat gold is Rs 47,830, while 24 carat gold is Rs 50,440. The price of 22 carat gold in Chennai is Rs 45,740 and 24 carat Rs 49,890. These prices are per 10 grams of gold.

If we talk about silver, then according to the website, the price of silver per kg is Rs 71,500 per kg. Silver is being sold at Rs 71,500 per kg in Delhi. The price of silver in Mumbai and Kolkata is also the same. The price of silver in Chennai is Rs 76,400 per kg.

futures price rise

In the last trading session, the futures prices of both the metals have seen a rise. Gold prices on Wednesday rose by Rs 123 to Rs 48,547 per 10 grams in the local futures market as speculators created fresh positions on firm spot demand. Gold for August delivery rose by Rs 123, or 0.25 per cent, to Rs 48,547 per 10 grams. It had a business turnover of 10,699 lots.

At the same time, the price of silver rose by 0.58 percent to Rs 71,658 per kg. The futures contract for July delivery gained Rs 410, or 0.58 per cent, to Rs 71,658 per kg. The futures contract was traded for 10,786 lots.