Gold, Silver Price Today: After three days of sustained decline, Wednesday’s gold levels remained virtually stable. Gold delivery in February was at Rs 49,130 per 10 grams on the Multi-Commodity Exchange (MCX), showing a slight decline of 0.074 percent. Gold for delivery in April also traded at Rs 49,381, up by Rs 347. Also Read – Gold at the Cheapest Rates: Govt Offers Opportunity to Buy Gold at Lowest Prices January 11-15 | Here’s how
In particular, the prices of gold jewelery are fluctuating across India due to tax evasion, state taxes, and other factors. Also Read – Gold Price Today 11 January 2021: Prices down from the highest level. Is it the right time to invest on 22, 18 Carat yellow metal?
Earlier on Tuesday, the bullion market saw a decline in gold and silver prices for the second day in a row. The price of gold rose 0.03 per cent lower to Rs 49,328 per 10 grams, while silver prices fell 0.22 per cent to Rs 65,414 per kg. In the previous session, gold had closed at the rate of Rs 48,649 per 10 grams. Also Read – Gold Level Decline for third consecutive day | Prices in various Indian cities today
According to Good Returns website, the price of 22-karat gold in Delhi is Rs 48,360 per 10 gm, while it is Rs 46,770 per 10gm in Chennai.
Check out gold levels in your city:
| Chennai | ₹ 46,770 |
| Mumbai | ₹ 48,590 |
| Delhi | ₹ 48,360 |
| Kolkata | ₹ 48,990 |
| Bangalore | ₹ 46,200 |
| Hyderabad | ₹ 46,200 |
| Kerala | ₹ 46,200 |
| Pune | ₹ 48,590 |
| Vadodara | ₹ 48,590 |
| Ahmedabad | ₹ 48,590 |
At the same time, the government is allowing buyers to buy gold bonds at cheap rates. The Reserve Bank of India (RBI) has recently released the ninth series of Swedish Gold Bonds, through which people can buy the yellow metal at affordable prices from 11 January to 15 January.
The RBI has set the price of gold at Rs 5,104 per gram, which is below the market level. Customers will receive an additional discount of Rs 50 per gram if they make a digital payment.