Gold and Silver Price Crash: Gold and silver prices are falling continuously; silver has now plummeted to half its value..
Gold-Silver Price Crash: A decline in gold and silver prices is being observed on the second trading day of this week as well. This downward trend has persisted since last month. However, the decline recorded today is not particularly steep. As of 10:00 AM, the price of 10 grams of gold on the MCX (Gold Price Today) stands at ₹149,791. This represents a decline of just ₹190 per 10 grams. Meanwhile, silver is currently witnessing a decline of ₹115 per kilogram.
**Gold Price Crash: How Much Did Gold Fall?**
As of the time of writing, both gold and silver are showing signs of a gradual recovery following an initial decline. At 10:04 AM, the price of 24-carat gold on the MCX is trading at ₹149,884. This represents a decline of ₹97 per 10 grams. So far today, gold has touched a low of ₹149,625 per 10 grams and a high of ₹150,000 per 10 grams.
By 10:16 AM, gold—much like silver—had staged a significant recovery. At this moment, gold is showing a gain of ₹248 per 10 grams.
**Silver Price Crash: How Much Cheaper Has Silver Become?**
Silver prices witnessed a decline immediately upon the opening of the commodity market. However, by 10:00 AM—at the time of writing—it had begun to recover. At 10:07 AM, silver is showing a gain of ₹744 per kilogram. Currently, the price of 1 kilogram of silver is trading at ₹234,123. So far today, silver has recorded a low of ₹231,800 per kilogram and a high of ₹234,157 per kilogram.
Both gold and silver had hit record highs at the end of January. In January, the price of silver had reached ₹420,000. Today, silver touched a low of ₹231,800 per kilogram. When compared to its all-time high, the current price of silver has dropped to approximately half that value.
**Today's Gold Rates: Prices for 24, 22, and 18 Carat Gold**
**City** | **24-Carat Gold Price** | **22-Carat Price** | **18-Carat Price**
Patna | 150,140 | 137,628.33 | 112,605.00
Jaipur | 150,200 | 137683.3333 112,650.00
Kanpur 150,260 137738.3333 112,695.00
Lucknow 150,260 137738.3333 112,695.00
Bhopal 150,380 137848.3333 112,785.00
Indore 150,380 137848.3333 112,785.00
Raipur 150,160 137646.6667 112,620.00
Gold and Silver Rates: What are the current prices of gold and silver?
City Gold Rate Silver Price
Patna ₹150,140 ₹235,400
Jaipur ₹150,200 ₹235,500
Kanpur ₹150,260 ₹235,590
Lucknow ₹150,260 ₹235,590
Indore ₹150,380 ₹235,780
Chandigarh ₹150,220 ₹235,530
Raipur ₹150,160 ₹235,440
In which city are gold and silver available at the lowest rates today?
Today, the prices of gold and silver are the lowest in Patna. Here, 1 kg of silver is available for ₹235,400. Additionally, the price of 10 grams of gold in this city is ₹150,140.
Today, in which cities are gold and silver currently the most expensive?
Today, gold and silver are trading at their highest prices in Bhopal and Indore. Here, the price of 1 kilogram of silver stands at ₹235,780. Additionally, the price of 10 grams of gold is ₹150,380.
The biggest question on people's minds is: how long will this decline actually last?
According to Ajay Kedia, Director at Kedia Advisory, this downward trend in gold and silver prices will persist as long as the ongoing conflict in the Middle East continues.