Gold Rate Falls: Live Update — If you are considering purchasing gold, this is an excellent opportunity. Today—March 19—a decline has been observed in the prices of both gold and silver. According to the India Bullion and Jewellers Association (IBJA), the price of one kilogram of silver has dropped by ₹13,000 today, settling at ₹2.37 lakh. Previously, on Tuesday, its price was recorded at ₹2.50 lakh per kilogram. Meanwhile, the price of 999-purity gold has fallen by ₹4,000, reaching ₹1.52 lakh. Consequently, the general public is quite pleased to witness this decline in gold and silver prices.
What is the latest price of gold today?
According to the IBJA, the price of 999-purity gold today has reached ₹151,637 per 10 grams. Previously, on Wednesday, it was recorded at ₹154,879 per 10 grams. This means that today, it has become cheaper by ₹3,242. Furthermore, 995-purity gold has reached ₹151,030 per 10 grams today—Thursday—marking a decline of ₹3,229. On Wednesday, its price was recorded at ₹154,259. Meanwhile, 916-purity gold is trading at ₹138,899 per 10 grams.
Its previous closing price was ₹141,869 per 10 grams; thus, it has become cheaper by ₹2,970 today. Additionally, the price of 750-purity gold opened at ₹113,728 per 10 grams. Its previous closing price was ₹116,159 per 10 grams, meaning gold has become cheaper by ₹2,431 per tola (10 grams). Finally, the price of 585-purity gold stands at ₹88,708 per 10 grams.
What is the Price of Silver Today?
According to the IBJA, the price of one kilogram of silver today is ₹236,809. Previously, last Wednesday, it was recorded at ₹249,907 per kilogram. Today, silver prices have declined by ₹13,098 per kilogram.
Gold and Silver Rates on MCX
A decline has been recorded in the prices of gold and silver. The primary reasons behind this downturn were the announcement of the US Federal Reserve’s monetary policy and the cautious stance adopted by global investors. In the international market, the price of spot gold fell by approximately 1.22% to $4,836 per ounce, while silver prices tumbled by over 2.25% to reach $75.75 per ounce.