A slight decline in gold prices in India has been recorded amid increasing tension in West Asia and turmoil in global markets. After continuous rise, now the speed of gold seems to be slowing down. At the same time, the prices of other precious metal silver have also come down. In such a situation, if you are planning to buy gold or silver, then it is important to know today’s latest rates.
On the morning of March 13, the price of 24 carat gold in the capital Delhi has come down to Rs 1,62,360 per 10 grams. Whereas the price of 22 carat gold has been recorded at Rs 1,48,840 per 10 grams. A decline in gold prices has also been seen in the country’s financial capital Mumbai. Here 24 carat gold is trading at Rs 1,62,210 per 10 grams and 22 carat gold is trading at Rs 1,48,690 per 10 grams.
- Price of 24 carat gold – Rs 1,62,360
- Price of 22 carat gold – Rs 1,48,840
- Price of 18 carat gold – Rs 1,21,770
What is the reason for the decline?
Experts say that there are many reasons behind the fall in gold prices. The dollar has strengthened in recent times, putting pressure on gold prices in the international market. Apart from this, concerns regarding inflation are also affecting the strategies of investors. In the international market, gold is trading at around $ 5,178.45 per ounce, which is slightly lower than the previous days.
West Asia’s crisis increases
At present, a major impact of the ongoing conflict in West Asia is being seen on the global markets. The ongoing war between America, Israel and Iran has shaken the energy market. Crude oil prices have increased and concerns about global supply have increased. The situation became more serious when the Strait of Hormuz, one of the world’s most important sea routes, was closed. About 20 percent of the world’s oil and gas supply passes through this route.
Silver prices also slipped
Along with gold, the prices of silver have also declined. On the morning of March 13, the price of silver fell to Rs 2,79,900 per kg. The spot price of silver in the international market is around $ 86.99 per ounce.
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