Silver Price Today: Gold and silver prices are fluctuating worldwide, including in India. Gold and silver prices have declined after the festive season. Gold rates are steadily declining. Amidst the ongoing decline in gold and silver prices, those with weddings in their families have found some relief. On October 17th, the cost of 24-carat gold in Delhi’s bullion market was recorded at ₹1,34,800 per 10 grams.
Silver prices reached an all-time high of ₹1,85,000 per kg on October 14th. Gold and silver prices have been steadily declining since Diwali.
Gold and silver prices fall from record highs.
On Tuesday, November 4th, the price of 24-carat gold in Delhi’s bullion market fell by ₹1,200 to ₹1,24,100 per 10 grams. On Tuesday, silver also fell sharply by Rs 2,500 to Rs 1,51,500 per kilogram. Compared to yesterday’s price, gold has fallen by Rs 10,700 from its record high, while silver has fallen by Rs 33,500.
Why are gold and silver prices falling?
Amid a strong dollar and declining global uncertainties, investors’ demand for safe havens is declining. Furthermore, limited expectations of further US interest rate cuts and the US-China trade agreement have also reduced demand for safe havens, directly impacting gold and silver prices.
However, experts say gold and silver prices may rise further in the coming days.
How much is one tola of gold in Pakistan?
Regarding the price of gold in Pakistan, on November 5th, the rate for 10 grams of 24-carat gold was 360,645 Pakistani rupees. Just a few days ago, the price of 1 tola of gold in Pakistan was 420,650 rupees. The latest silver rate is 441,000 rupees per kilogram.