Check out how much it got cheaper today
Market closed at Rs 51993 up by Rs 142
On the last trading day, April 25, gold closed at 52077. Today, on 26 April, the spot price of 24 carat gold fell by Rs 226 to Rs 51851 per 10 grams in the bullion markets across the country. On the other hand, gold rose by Rs 142 to close at Rs 51993 during the day.
Silver closed at Rs 65597, up by Rs 87
Silver had closed at Rs 65166 on the last trading day on 25 April. On the other hand, today on 26 April, silver rose by Rs 344 to open at Rs 65510 per kg. Whereas in the evening, it rose by Rs 87 and closed at Rs 65597.
Morning price of 10 grams of gold from 24 carat to 18 carat
A look at the bullion market across the country, the rate of 24 carat purity gold issued on the website of India Bullion and Jewelers Association (ibjarates.com) reached Rs 51851 per 10 grams.
The price of gold of 23 carat purity reached Rs 51643 per 10 grams.
The price of 22 carat gold reached Rs 47496 per 10 grams.
The price of 18 carat gold rose to Rs 38888 per 10 grams.
At the same time, the price of silver reached Rs 65510 per kg.
Evening price of 10 grams of gold from 24 carat to 18 carat
A look at the bullion market across the country, the rate of 24 carat purity gold issued on the website of India Bullion and Jewelers Association (ibjarates.com) reached Rs 51993 per 10 grams.
The price of gold of 23 carat purity reached Rs 51785 per 10 grams.
The price of 22 carat gold reached Rs 47626 per 10 grams.
The price of 18 carat gold rose to Rs 38995 per 10 grams.
At the same time, the price of silver reached Rs 65597 per kg.
Gold prices may increase further due to these reasons
1. Impact on global markets due to prolonged drag of Russia and Ukraine dispute
2. IMF downgrades global economic growth forecast
3. Potential Impact of the Presidential Election in France on Europe
4. Increase in demand in the domestic market
5. Panic again in global markets due to rapid spread of corona in China
Investing in gold will still be beneficial
Anuj Gupta, Vice-President (Commodity & Currency), IIFFL said that investors’ confidence in gold as a safe investment has once again increased with the IMF reducing the global economic growth forecast. Apart from this, gold prices are also increasing due to Russia-Ukraine dispute and increase in demand during the wedding season in India. Gupta says that given the current situation, gold can touch the level of Rs 55 thousand per 10 grams till Diwali. He says that there is no apprehension of a big fall in this at the moment.
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