Gold and silver prices which had been tumbling for 5-7 consecutive days has seen some relief as the price for gold for the fourth consecutive day has increased by Rs 1 for 1 gram, Rs 8 for 8 gram and Rs 10 for 10 gram of gold. For 22 carat gold, the price of the yellow metal has increased to Rs 46,900 for 22-carat gold from yesterday’s range of Rs 46,890.
The gold price today on February 10th even with an increase in gold price is still below the Rs 50k mark in 70 days, but as it nears the mark, there is a chance for gold price to finally touch the 50k mark. On 10th february the gold price has risen by Rs 1 per one gram, and Rs 10 for 10 grams from Rs 46,890 to Rs 46,900 whereas for silver the price remained stable at Rs 66,000 per kg, falling by Rs 200, as per the website.
The prices of both gold and silver vary accordingly across the nations, and even state wise in India the prices due to exercise duty, sales tax and other taxes are different.
In New Delhi, the capital of India the price of 22-carat gold is cheaper than before at Rs 46,810 in Chennai it decreased to Rs 45,380, in Mumbai the rates were a little higher at Rs 46,900. In Chennai, for 24-carat gold the price is Rs 49,460. Similarly, the cheapest city to buy gold from today on February 10th would Bengaluru, Hyderabad, Mangalore, Mysore and more places with 22-carat rate being Rs 44,660 and 24-carat gold price being Rs 48,720.
In the international market, the rate of gold increased by 0.25 percent to USD $ 1,842.40 per ounce on Wednesday. However, in the last 30 days, the performance of gold has decreased by 0.41 percent which is equivalent to USD 7.60.
On the other hand, for silver you will have to spend an amount of Rs 702 per 10 grams for buying silver ornaments or jewellery on Wednesday as the prices of the metal rose by Rs 10.