Gold and Silver Price Update: On the second trading day of the week, a noticeable drop in gold and silver prices is being reported. This trend has been ongoing since last month, although today's decrease is relatively minor. As of 10:00 AM, the price for 10 grams of gold on the MCX is ₹149,791, reflecting a decrease of ₹190. Concurrently, silver has seen a reduction of ₹115 per kilogram.

**Gold Price Fluctuations: Current Status**
As of the latest updates, both gold and silver are beginning to show signs of recovery after an initial drop. At 10:04 AM, the price of 24-carat gold on the MCX is recorded at ₹149,884, down by ₹97 per 10 grams. Throughout the day, gold has reached a low of ₹149,625 and a high of ₹150,000 per 10 grams.

By 10:16 AM, gold, similar to silver, has made a notable recovery, now showing an increase of ₹248 per 10 grams.

**Silver Price Update: Current Trends**
Upon the market's opening, silver prices experienced an immediate decline. However, by 10:00 AM, a recovery was underway. At 10:07 AM, silver is showing an increase of ₹744 per kilogram, with the current price at ₹234,123. Today, silver has recorded a low of ₹231,800 and a high of ₹234,157 per kilogram.

Both metals reached record highs at the end of January, with silver peaking at ₹420,000. Currently, silver's price has dropped to nearly half of that peak value.

**Today's Gold Prices Across Various Cities**
**City** | **24-Carat Gold Price** | **22-Carat Price** | **18-Carat Price**
Patna | 150,140 | 137,628.33 | 112,605.00
Jaipur | 150,200 | 137683.3333    112,650.00
Kanpur    150,260    137738.3333    112,695.00
Lucknow    150,260    137738.3333    112,695.00
Bhopal    150,380    137848.3333    112,785.00
Indore    150,380    137848.3333    112,785.00
Chandigarh    150,220    137701.6667    112,665.00
Raipur    150,160    137646.6667    112,620.00

Current Gold and Silver Prices in Major Cities
City    Gold Rate    Silver Price
Patna    ₹150,140    ₹235,400
Jaipur    ₹150,200    ₹235,500
Kanpur    ₹150,260    ₹235,590
Lucknow    ₹150,260    ₹235,590
Bhopal    ₹150,380    ₹235,780
Indore    ₹150,380    ₹235,780
Chandigarh    ₹150,220    ₹235,530
Raipur    ₹150,160    ₹235,440

Where Are Gold and Silver Prices Lowest Today?

Currently, Patna offers the lowest prices for gold and silver, with 1 kg of silver priced at ₹235,400 and 10 grams of gold at ₹150,140.

Where Are Gold and Silver Prices Highest Today?

Bhopal and Indore are seeing the highest prices today, with 1 kg of silver at ₹235,780 and 10 grams of gold at ₹150,380.

The pressing question remains: how long will this downward trend continue?

Ajay Kedia, Director at Kedia Advisory, suggests that the decline in gold and silver prices is likely to persist as long as the current conflict in the Middle East continues.

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