Gold-Silver Price Today: Gold prices have finally come to a halt today
Gold-Silver Price Today: The ever-rising price of gold has finally come to a halt today. On November 13th, gold rates declined in markets across the country. On the other hand, silver prices continue to rise. In the capital, Delhi, the price of 24-carat gold has now reached Rs 1,25,650 per 10 grams, while the price of 22-carat gold is Rs 1,15,190 per 10 grams.
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How far have prices fallen across the country?
Gold prices have declined slightly in Delhi and other major cities. In Mumbai, Chennai, and Kolkata, 22-carat gold is now priced at ₹1,15,040 per 10 grams, while 24-carat gold is selling at ₹1,25,500 per 10 grams. Similar rates have been observed in Pune and Bengaluru: 24-carat gold at ₹1,25,500 and 22-carat gold at ₹1,15,040 per 10 grams. Thus, despite the slight decline in prices, gold remains at a high level.
What about gold prices?
Major banks have made interesting projections about the direction of gold in global markets. According to a Bloomberg report, JP Morgan Private Bank believes that gold could reach $5,200 to $5,300 per ounce by the end of 2026. Goldman Sachs estimates it to reach $4,900 per ounce.
Silver's Rise Continues
While gold has cooled slightly, silver has regained its momentum. On November 13th, the price of silver reached ₹1,62,100 per kilogram. Silver prices have also increased in foreign markets. The impact of the increase in silver prices is being seen in domestic markets as well. This indicates that silver remains an attractive option for investors.
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Why are prices fluctuating?
Experts believe that both domestic factors influence gold and silver prices in India. Domestic factors, such as rupee fluctuations and changes in demand, are also impacting global factors, such as the strength of the dollar, interest rates, and international tensions.
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