In the past few days, there have been significant fluctuations in the prices of gold and silver. Before Diwali, the price of gold had risen considerably. Now it has decreased somewhat. However, gradually, the price of gold seems to be rising again. This has led to curiosity about what exactly these two precious metals, gold and silver, will achieve in the future. Meanwhile, gold has once again regained its shine. The price of gold has once again seen a notable increase.
Gold prices have risen significantly
On Tuesday, that is, November 25, the price of gold had increased by one percent. After that, even on Wednesday, gold prices are seen to have risen considerably. There is a possibility that the US central bank, the Federal Reserve, may cut interest rates. That is why gold prices are currently seen rising. This morning, on the Multi Commodity Exchange (MCX), the price of gold expiring in December rose by 0.5 percent to reach ₹1,25,835 per 10 grams. The price of silver with a contract expiring in December has risen by 0.91 percent to ₹1,57,750 per kilogram.
What is the price of gold in the major cities of the country?
The price of gold is seen rising in the international market along with India. This is also seen affecting the Indian market. Today in Chennai, the price of 10 grams of gold has reached ₹1,28,730. In Chennai, the price of 22-carat gold has reached ₹1,18,000 per 10 grams. In Mumbai, the price of 24-carat gold has reached ₹1,27,910 per 10 grams. Meanwhile, the price of 22-carat gold has reached ₹1,17,250 per 10 grams. In the capital Delhi, the price of 24-carat gold has gone above ₹1,28,060 per 10 grams. Along with this, in cities like Kolkata, Bengaluru, Hyderabad, Kerala, and Pune, the price of 24-carat gold has reached ₹1,27,910 per 10 grams. Meanwhile, the price of 22-carat gold has reached ₹1,17,250 per 10 grams.
What will be the price of gold in the future?
Currently, fluctuations in gold prices can be observed. Therefore, questions are being asked about the direction gold will take in the future. According to some experts, gold may shine quite well in the future.