Gold Rate Today: Today, gold has become cheaper on Tuesday 20 May. Due to weak global signals and decrease in demand, gold and silver prices were seen to fall on a steep fall in Delhi’s bullion market on Tuesday. According to the All India Bullion Association, gold with 99.9 percent purity fell by Rs 490 to Rs 96,540 per 10 grams. On Monday, this price was Rs 97,030 per 10 grams. Similarly, gold with 99.5 percent purity fell by Rs 450 to Rs 96,130 per 10 grams.
Heavy fall in silver
Along with gold, there was a sharp decline in silver prices. Silver fell by Rs 1,000 to Rs 97,500 per kg, while on Monday it was Rs 98,500.
Soumil Gandhi, Senior Commodity Expert of HDFC Securities, said that the image of safe investment of gold is weakened by the reduction of trade tension between the US and China and the expectations of the Russia-Ukraine ceasefire. In addition, a strict stand on interest rates by a member of the US Federal Reserve has also increased uncertainty among investors.
Global markets trend
However, gold rose slightly to $ 3,233.68 an ounce in the international market. Kayanat Chanwala, AVP of Kotak Securities, said that investors are now waiting for the vote of the US Federal Reserve officials and the votes in Parliament on the proposal related to the tax and expenditure of President Trump, which may further increase the financial deficit of the US. However, due to this, the possibility of a major decline in gold is currently low.
Gold price increased in Indore
While Delhi saw a decline, there was a rise of Rs 300 per 10 grams in gold in the bullion market of Indore. Gold sold at Rs 95,600 per 10 grams. However, silver fell by Rs 100 to Rs 97,200 per kg. The price of silver coin was Rs 1,150 per nos.
Gold price in big cities of the country
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 87,250 | 95,170 |
| Chennai | 87,100 | 95,020 |
| Mumbai | 87,100 | 95,020 |
| Kolkata | 87,100 | 95,020 |
| Jaipur | 87,250 | 95,170 |
| Noida | 87,250 | 95,170 |
| Ghaziabad | 87,250 | 95,170 |
| Lucknow | 87,250 | 95,170 |
| Bangalore | 87,100 | 95,020 |
| Patna | 87,100 | 95,020 |
7th Pay Commission: Dearness allowance will be 58% on 1 July! One crore central employees will get good news