Gold-Silver Price On May 27: Yellow, White Metal Rates Fall; Know What Is The Price Today

New Delhi: Amid the ongoing US war against Iran, gold and silver price continue to fluctuate, causing uncertainty across global markets. On Tuesday, silver prices fell by more than Rs 4,300 and gold also saw a decline of nearly Rs 900 per 10 grams. On Wednesday, Gold and silver prices declined as soon as the domestic commodity market opened.

On COMEX, gold futures rose 0.34 per cent to $4,517.70 per ounce and silver outperformed gold, climbing 1.32 per cent to $77.615 per ounce.

What is the price of gold and silver?

These days, gold and silver prices are fluctuating constantly, surprising investors. Gold and silver prices are fluctuating in the international market even today.

The precious metals saw a major movement, in Delhi the 24-carat gold was priced at Rs 1,59,030 per 10 grams and 22-carat gold at Rs 1,43,990. Silver traded at Rs 2,84,900 per kg.

In Mumbai, the 24-carat gold was priced at Rs 1,58,880 per 10 grams and 22-carat gold at Rs 1,43,840. Silver traded at Rs 2,84,900 per kg.

In Kolkata, the 24-carat gold was priced at Rs 1,58,880 per 10 grams and 22-carat gold at Rs 1,43,840. Silver traded at Rs 2,84,900 per kg.

The following rates are as per 10 grams of gold:

• Mumbai - Rs 1,58,880
• Delhi - Rs 1,59,030
• Bengaluru - Rs 1,58,880
• Chennai - Rs 1,60,680
• Hyderabad - Rs 1,58,880
• Kolkata - Rs 1,58,880

The following rates are as per 1 kg of silver:

• Mumbai - Rs 2,84,900
• Delhi - Rs 2,84,900
• Bengaluru - Rs 2,84,800
• Chennai - Rs 2,94,900
• Hyderabad - Rs 2,94,900
• Kolkata - Rs 2,84,900

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.