Business Desk – Gold Silver Price Today: After remaining stable on Akshaya Tritiya, the shine of gold has faded for the second consecutive day. After a day’s pause, the price of 10 grams of 24-carat gold in the capital Delhi has fallen by Rs 500 in the last two days, while 22-carat gold has become cheaper by Rs 460.

Especially if we talk about today, the rates of both 24-carat and 22-carat gold have reduced by Rs 10 per 10 grams. Talking about silver, after two days of stability it has become cheaper in Delhi. Its price has fallen by Rs 100 per kg.

Silver slipped after two days of stability

In the case of silver, after two days of stability there has been weakness in this metal today. Earlier, on April 17, the price of one kilogram of silver had fallen by Rs 5,000, but on April 18 it again increased by Rs 10,000.

After this, the price remained stable on 19th April (Akshay Tritiya) and the next day. As of today, silver has become cheaper by Rs 100 per kg in Delhi. Currently it is being sold at the rate of Rs 2,74,900.

Talking about other major metros, silver is being sold at the same rate in Mumbai and Kolkata. However, the price of one kilogram of silver in Chennai is Rs 2,79,900, making it the most expensive among the four major metros.

What is the future of gold and silver prices?

Market trends will be decided between increasing tensions in West Asia and economic data released from major economies of the world. Especially whether the current bullish phase will continue or whether a phase of softening of prices is about to come.

Indicators include retail sales, housing data and consumer sentiment. Additionally, Purchasing Managers’ Index (PMI) data from the manufacturing and service sectors in both the US and UK is expected to play an important role in determining the direction of the market.