Gold-Silver Price: Did gold prices recover today? Here's What You're Paying Across Cities

New Delhi: Amid the ongoing war between Iran-Israel-USA, the prices of gold continue to fluctuate. The price of 24 carat gold on Multi Commodity Exchange (MCX) fell by 0.12 per cent i.e. by 169 to reach Rs 1,38,743 per 10 grams. The rate for 24 carat gold stands at Rs 1,42,900 per 10 grams and the price of silver is Rs 2,35,100 per kilogram. 

In the international markets, spot gold recovered after falling for nine sessions and rose by $16.96 or 0.38 per cent to reach $4,423.83 per ounce during Asian trading hours.  

The gold rate on Tuesday was Rs 1,42,910 per 10 gms, while the silver rate was Rs 2,35,000 per 1 kg, according the Bullions website.

What is the price of gold and silver?

A week decline in gold prices has stopped and its price has increased. The price of 24-carat gold fell Rs 10 per 10 grams and the rate of silver rose by Rs 100 per kg, in early trade on Wednesday.

The precious metals saw no major movements, in Delhi the 24-carat gold was priced at Rs 1,43,050 per 10 grams and 22-carat gold at Rs 1,31,140. Silver traded at Rs 2,35,100 per kg.

In Mumbai, the 24-carat gold was priced at Rs 1,42,900 per 10 grams and 22-carat gold at Rs 1,30,990. Silver traded at Rs 2,35,100 per kg.

In Kolkata, the 24-carat gold was priced at Rs 1,42,900 per 10 grams and 22-carat gold at Rs 1,30,990. Silver traded at Rs 2,35,100 per kg.

The following rates are as per 10 grams of gold:

• Mumbai - Rs 1,42,900
• Delhi - Rs 1,43,050
• Bengaluru - Rs 1,42,900
• Chennai - Rs 1,44,550
• Hyderabad - Rs 1,42,900
• Kolkata - Rs 1,42,900

The following rates are as per 1 kg of silver:

• Mumbai - Rs 2,35,100
• Delhi - Rs 2,35,100 
• Bengaluru - Rs 2,35,100
• Chennai - Rs 2,49,900
• Hyderabad - Rs 2,49,900
• Kolkata - Rs 2,35,100

Why there is change in the rates?

According to analysts, the major reasons behind changes are:

• International market pricing, import fees, taxes
• Blockage of the Strait of Hormuz 
• Weakness in the prices of gold and silver in the international market.
• The strengthening of the US dollar, which put pressure on demand for precious metals.
• When the dollar strengthens, spending by foreign buyers increases and this reduces demand for safe investments like gold and silver.

How much lower are the prices from their record highs?

Gold and silver touched their record highs on January 29. According to MCX, the record high level for gold is Rs 1.93 lakh, while the record high price for silver is Rs 4.20 lakh.