Gold Price Today: Gold prices fall due to a big increase in interest rates, check new rates

Today’s gold and silver price.

Gold Rate on 24 June 2022 Updates: Spot gold rose 0.1 per cent to $1,824.72 an ounce, from a one-week low of $1,820.99 in the previous session. US gold futures fell 0.2 per cent to $1,825.90.

Gold Sliver Price in India:Gold prices have declined for the second consecutive week. Gold prices remained flat on Friday. Gold is under pressure due to the possibility of a steep hike in interest rates by major central banks to control inflation. August futures on Multi Commodity Exchange (MCX) gold price ,24 Carat Gold) has registered a decline of 0.12 per cent per 10 grams. However, July futures silver prices rose 0.02 per cent per kg. sleep this week (Gold Price). US gold futures fell 0.2 per cent to $1,825.90.

in friday business Multi Commodity Exchange (MCX) But the August futures gold fell by Rs 61 or 0.12 per cent to Rs 50,533 per 10 grams. While July futures silver prices rose by Rs 10, or 0.02 per cent, to Rs 60,371 per kg.

Date city 22 karat gold (per 10 grams) 24 karat gold (per 10 grams)
24 June 2022 Delhi 47,500 rupees 51,820 rupees
Kolkata 47,500 rupees 51,820 rupees
Mumbai 47,450 rupees 51,760 rupees
Chennai Rs 47,530 51,850 rupees
Bangalore 47,500 rupees 51,820 rupees
Hyderabad 47,450 rupees 51,760 rupees
Kerala 47,450 rupees 51,760 rupees
Ahmedabad 47,480 rupees 51,790 rupees

Source: Goods Return

Gold and silver prices fell in the bullion market

In Delhi, gold on Thursday declined by Rs 133 to Rs 50,719 per 10 grams. In the last trading session, gold had closed at Rs 50,852 per 10 grams. Silver has come down from the previous closing level of Rs 60,445 per kg to Rs 59,781 per kg. The fall in silver prices was due to a fall in industrial demand for the metal.

Today is the last chance to buy cheap gold

Today is the last chance to invest in Sovereign Gold Bond (SGB) scheme. The issue price is Rs 5,091/gram. Those applying online are getting a discount of Rs 50 per gram on the issue price. The maturity of SGB is 8 years. Whereas, the lock-in period is five years. Keep in mind that if you have retained the SGB till maturity, you will not have to pay any capital gains tax on the investment.

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An investor can buy gold bonds up to Rs 4 lakh. There is no tax on capital gains on selling it after 8 years. Long term capital gains tax of 20 per cent is levied if the bonds are sold between 5-8 years. However, the benefit of indexation is available. Short term capital gains tax is levied if sold before 3 years.