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Gold Rate Today: Record jump in gold price, silver becomes costlier by Rs 4,400

Photo:India TV record jump in gold price

Highlights

  • Today gold is doing business in India by getting costlier by Rs 550
  • Silver becoming costlier by Rs 4,400 at Rs 57,400 per kg
  • The price of gold per 10 grams is Rs 51,820 in Delhi.

Gold Rate Today: In India today gold is becoming costlier by Rs 550 and is trading at Rs 51,660 per 10 grams. It is said that the investor Gold Most reliable investment. Now the festival season has started. Dussehra is near. In such a situation, Indians will buy gold in more quantity. The same is the case with silver. It is getting costlier by Rs 4,400 and is doing business at Rs 57,400 per kg.

How is gold in other cities?

According to Good Returns in Mumbai, which is called the financial capital of India, today the price of gold is Rs 51,660 per 10 grams. The same rate is also in Kolkata, Hyderabad, Bhubaneshwar and Visakhapatnam. The price of gold in Delhi is Rs 51,820 per 10 grams. Whereas gold is trading today at Rs 52,100 per 10 grams in Chennai. The cost of one kg of silver in Mumbai and Delhi is Rs 61,800. The same is the case with Kolkata, Jaipur, Pune, Ahmedabad, Patna and Lucknow. However, silver is trading at Rs 66,700 per kg in Chennai.

How was the market yesterday?

On Monday, the price of gold was seen in the Indian market by Rs 380, amid firming prices of precious metals in the global markets. Gold was trading at Rs 51,110 per 10 grams. At the same time, in the previous session, gold became cheaper by Rs 170 for the last time. Silver was trading costlier by Rs 500 yesterday at Rs 57,400 per kg.

India’s gold reserves also fell drastically

The country’s foreign exchange reserves fell by $ 8.134 billion to $ 537.518 billion for the week ended September 23, as the country’s foreign exchange reserves continued to decline. Foreign exchange reserves had declined by over $5.2 billion to $545.54 billion in the previous week. The central bank said that during the week under review, FCAs declined by $7.688 billion to $477.212 billion. In dollar terms, FCAs include the effect of appreciation or depreciation in non-US currencies such as the euro, pound and yen held in foreign exchange reserves. According to the data, the value of gold reserves has come down by $ 300 million to $ 37.886 billion.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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