Gold And Silver Prices in India Amid US-Iran-Israel Conflict: Check Rates In Your City
Mumbai: In the wake of the ongoing US-Iran-Isreal Conflict, gold and silver prices traded slower in international markets.
In the International markets, gold traded around $5,000 per ounce while silver was below $80 per ounce as investors assessed volatile oil prices, rise in bold yield and firm US Dollars.
Gold Prices in Major Cities (24k/gm)
- Mumbai: Rs 1,58,800
- Delhi: Rs 1,58,520
- Chennai: Rs 1,59,260
- Kolkata: Rs 1,58,580
- Bengaluru: Rs 1,58,920
- Hyderabad: Rs 1,59,050
22 carat gold was priced at Rs 1,45,900 per 10 grams.
Silver Prices in Major Cities (per kg)
- Mumbai: Rs 2,59,240
- Delhi: Rs 2,58,790
- Chennai: Rs 2,59,990
- Kolkata: Rs 2,58,900
- Hyderabad: Rs 2,59,650
(Rates are excluded from GST and making charges)
The escalated Iran-US Conflict has resulted in this week’s rise in energy prices, escalation in inflation resulting in price rise in precious metals. The inflation concerns have lowered down the expectation that the US Federal Reserve or any other central banks will cut interest rates soon.
If the war continues there are chances the fluctuation in gold and silver price rates will continue to flicker making the entire stock market unstable.
Also Read: Amazon Air Flies Into Northeast India, Promising Up To 5x Faster Deliveries For 7 States