Gold-Silver Prices Fall Again Today: Gold and silver prices remained soft in India even today. Gold became cheaper for the second consecutive day, silver also declined. Gold decreased by Rs 10 per 10 grams in many cities of the country including Delhi. Investors expect further rise in gold prices.

Gold Rate Today In India: Gold became cheaper again today

Gold and silver prices declined on Tuesday. In the capital Delhi, 24 carat gold has fallen by Rs 10 per 10 grams and 22 carat gold has also fallen by Rs 10. In two days, the price of 24 carat gold has fallen by Rs 610 and the price of 22 carat gold has fallen by Rs 560. Silver has also become cheaper by Rs 100 per kg today. Silver remained stable on Monday, whereas a day before that it had registered a sharp rise of Rs 3000.

Gold rate in 10 big cities

Today across the country, the prices of 10 gram 22 carat and 24 carat gold were as follows – In Delhi, 22 carat gold is Rs 1,19,190 and 24 carat gold is Rs 1,30,010 per 10 gram. In Mumbai, Kolkata and Hyderabad, 22 carat gold was priced at Rs 1,19,040 and 24 carat gold was priced at Rs 1,29,860. In Chennai, the price of 22 carat gold is Rs 1,20,390 and 24 carat gold is Rs 1,31,340. In Lucknow and Jaipur, 22 carat is being sold at Rs 1,19,190 and 24 carat at Rs 1,30,010. In Patna and Ahmedabad, 22 carat gold is Rs 1,19,090 and 24 carat gold is Rs 1,29,910 per 10 grams.

Silver rate also declined

Today the price of one kg silver in Delhi is Rs 1,87,900, which is Rs 100 less than Monday. Silver is being sold at this price in Mumbai and Kolkata also. However, today silver is most expensive in Chennai, where its price is Rs 1,95,900 per kg.

What will be the trend going forward?

According to a survey by Goldman Sachs, about 70% of global institutional investors believe that gold prices could reach new heights by 2026. About 36% of investors believe that gold could cross $5,000 per ounce by the end of 2026. At the same time, JP Morgan estimates that gold may go up to $5,055 per ounce in the last quarter of next year. Morgan Stanley has also expressed positive estimates on gold and said that by the end of next year its price could reach around $4,400 an ounce.

Currently, gold is at its highest level in the last 6 weeks and there is a possibility of a rise in it due to the expectation of interest rate cut in America.