Gold and Silver Rates Today: Fluctuations Explained
Gold and silver rates across Delhi, Chennai, Kolkata, and Mumbai have been on the rise. As of 30 March 2023, the gold rates in Delhi for 10 grams of 22-carat gold have remained at Rs. 54,850 with a hike of Rs. 200, while 10 grams of 24-carat gold is at Rs. 59,820 with a hike of Rs. 220. In Chennai, the gold rate for 10 grams of 22 carats is at Rs 55,450 with a hike of Rs. 350, while the gold rate of 24-carat is at Rs. 60,450 with a hike of Rs. 300.
In Kolkata, the gold rate for 10 grams of 22 carats is at Rs. 54,700, and the rate for 10 grams of 24 carats is at Rs. 59,670. In Mumbai, the gold rate for 10 grams of 22 carats has been at Rs. 54,700 and Rs. 59,670 per 10 grams of 24 carat. The silver rates have been at Rs. 73,000 in Kolkata, Chennai, and Mumbai, while the rate of silver in Chennai is at Rs. 75,700.
It is important to note that these rates are subject to change and fluctuate every day. Experts in the bullion market attribute these fluctuations to various reasons such as changes in international market currency prices, inflation, gold reserves at central banks, interest rates, the jewellery market, geographical tensions, trade wars, and many other factors.
The Federal Reserves hinted over the rise in interest rates, which has led to a decrease in gold rates. It is essential to keep up-to-date with the latest trends and news in the bullion market to make informed decisions regarding investments in gold and silver.
