Gold Price Today: The prices of gold and silver fluctuate daily. Gold rates have been steadily declining since the Diwali holiday. Gold and silver prices have declined globally. The cost of gold for December delivery on the Multi-Commodity Exchange has risen by approximately ₹900. In the previous session, it closed at ₹121,857 per 10 grams, while it opened at ₹122,300 today. Today, on the occasion of Bhai Dooj, silver has become cheaper by ₹1301, while the price of gold has declined by ₹80.
According to IBJA, 24-carat gold opened at ₹123,827 without GST on October 23rd. Silver also opened at ₹151,200 per kilogram without GST.
What is the latest gold price?
23-carat gold prices fell to ₹123,331 per 10 grams. GST and processing charges have yet to be added, which will further increase the cost.
The price of 22-carat gold fell to ₹113,426 per 10 grams. GST and processing charges are yet to be added.
The price of 18-carat gold fell to ₹92,870 per 10 grams. GST and processing charges are yet to be added.
Gold fell by ₹9,000.
Gold on the MCX had reached a record high of ₹132,294 per 10 grams, but as of today, it has fallen to ₹122,300 per 10 grams. The price of gold has fallen by ₹9,000 from its record high. Currently, gold is trading at ₹123,712 per 10 grams on MCX.
Why did the Gold Price suddenly drop?
According to a Reuters report, several factors have contributed to the decline in gold and silver prices. The primary reason is profit booking after several months of record gains. This wave of profit-booking is causing gold and silver prices to fall. Furthermore, the easing of US-China trade tensions has also contributed to a decline in demand for safe havens.