Gold-Silver Price On April 26: Gold falls by Rs 1,740 in a week, silver slips by Rs 15,000

New Delhi: There has been a decline in the price of gold in the country on a weekly basis. In a week, 24 carat gold has become cheaper by Rs 1,740. The price of another precious metal, silver, has also declined on a weekly basis. It has become cheaper by Rs 15,000. 

On Sunday, the rate for 24 carat gold stands at Rs 1,54,040 per 10 grams and the price of silver is Rs 2,60,000 per kilogram.

In the international market, spot gold is at $4,708.17 per ounce and spot silver is $75.96 per ounce. 

The gold rate on Saturday was Rs 1,54,040 per 10 gms, while the silver rate was Rs 2,60,000 per 1 kg, according the Bullions website.

What is the price of gold and silver?

These days, gold and silver prices are fluctuating constantly, surprising investors. Gold and silver prices are fluctuating in the international market even today.

The precious metals saw a major movement, in Delhi the 24-carat gold was priced at Rs 1,54,190 per 10 grams and 22-carat gold at Rs 1,41,350. Silver traded at Rs 2,60,000 per kg.

In Mumbai, the 24-carat gold was priced at Rs 1,54,040 per 10 grams and 22-carat gold at Rs 1,41,200. Silver traded at Rs 2,60,000 per kg.

In Kolkata, the 24-carat gold was priced at Rs 1,54,040 per 10 grams and 22-carat gold at Rs 1,41,200. Silver traded at Rs 2,60,000 per kg.

The following rates are as per 10 grams of gold:

• Mumbai - Rs 1,54,040
• Delhi - Rs 1,54,190
• Bengaluru - Rs 1,54,040
• Chennai - Rs 1,54,910
• Hyderabad - Rs 1,54,040
• Kolkata - Rs 1,54,040

The following rates are as per 1 kg of silver:

• Mumbai - Rs 2,60,000
• Delhi - Rs 2,60,000
• Bengaluru - 2,60,000
• Chennai - Rs 2,70,000
• Hyderabad - Rs 2,70,000
• Kolkata - Rs 2,60,000

Why there is change in the rates?

According to analysts, the major reasons behind changes are:

• International market pricing, import fees, taxes
• Blockage of the Strait of Hormuz 
• Weakness in the prices of gold and silver in the international market.
• The strengthening of the US dollar, which put pressure on demand for precious metals.
• When the dollar strengthens, spending by foreign buyers increases and this reduces demand for safe investments like gold and silver.

How much lower are the prices from their record highs?

Gold and silver touched their record highs on January 29. According to MCX, the record high level for gold is Rs 1.93 lakh, while the record high price for silver is Rs 4.20 lakh.