For those eyeing investments in precious metals, there’s promising news on the horizon. On April 23, both gold and silver prices witnessed a significant decline, presenting an opportune moment for prospective buyers to capitalize on the newfound affordability.
Price Plunge:
Gold prices saw a notable drop of ₹1,530, while silver experienced an even more substantial decrease of ₹2,500, marking a substantial shift in market dynamics.
Latest Rates:
- 24 Karat Gold: After the decline, it now stands at ₹72,160 per 10 grams.
- 22 Karat Gold: Priced at ₹66,150 per 10 grams.
- 18 Karat Gold: Currently valued at ₹54,120 per 10 grams after a decrease of ₹1,150.
Prices Across Major Cities:
- Delhi: Gold is priced at ₹72,310 per 10 grams, with silver at ₹83,000 per kg.
- Mumbai: Gold stands at ₹72,160 per 10 grams, alongside silver at ₹83,000 per kg.
- Chennai: Gold is valued at ₹73,100 per 10 grams, while silver commands ₹86,500 per kg.
- Kolkata: Gold is priced at ₹72,160 per 10 grams, with silver at ₹83,000 per kg.
Gold Prices in Other Cities (per 10 grams):
- Chandigarh, Jaipur, Ayodhya, Lucknow: ₹72,310 for 24K, ₹66,300 for 22K, ₹54,240 for 18K
- Patna, Vadodara, Ahmedabad: ₹72,210 for 24K, ₹66,200 for 22K, ₹54,160 for 18K
- Nagpur, Bangalore, Hyderabad, Pune: ₹72,160 for 24K, ₹66,150 for 22K, ₹54,120 for 18K
- Coimbatore, Madurai: ₹73,100 for 24K, ₹67,000 for 22K, ₹54,880 for 18K
- Vishakhapatnam, Mangalore, Mysore, Bhubaneswar: ₹72,160 for 24K, ₹66,150 for 22K, ₹54,120 for 18K
MCX Gold Rate Today:
- Opened at ₹71,125 per 10 grams, later dropping to ₹66,072 per 10 grams following a decline of ₹630.
Investment Opportunity:
This downturn in prices presents a favorable opportunity for investors keen on acquiring gold or silver, as the current rates offer a more affordable entry point into the market. With prices reaching new lows, prospective buyers are encouraged to seize this opportunity and diversify their investment portfolios with precious metals.
