Business Desk- Gold Silver Price Today: Gold has become more expensive in the country. On the morning of May 15, a rise in gold prices was seen in most major cities. Contrary to expectations, despite the increase in import duty, gold prices have been rising instead of falling. In the country’s capital Delhi, the price of 24-carat gold was Rs 162,270 per 10 grams this morning.

The rate of 24-carat gold in Mumbai is now Rs 162,340 per 10 grams. Just a day ago, the price of gold of 99.9% purity had increased by Rs 650 to Rs 166,000 per 10 grams in Delhi’s bullion market. The main reasons for the increase in gold prices are the continuation of geopolitical tension and the Indian rupee reaching its lowest level ever against the US dollar. The rupee weakened further on Thursday. Touched an all-time low of 95.73 (tentative) against the dollar. Spot gold is currently trading at $4,704.30 per ounce in the international market.

It is worth noting that the Government of India has increased the import duty on gold and silver from 6% to 15%. For platinum, the duty has been increased from 6.4% to 15.4%. Tax changes have also been implemented for gold and silver wires, coins and many other things. The new import duties came into effect from Wednesday, May 13.

Gold rates in big cities of the country

Gold Prices in Delhi: In Delhi, the price of 24-carat gold is Rs 162,270 per 10 grams, while the rate of 22-carat gold is Rs 148,960 per 10 grams.

Mumbai and Kolkata: The price of 22-carat gold in Mumbai and Kolkata is ₹148,810 per 10 grams, while the price of 24-carat gold is ₹162,340 per 10 grams.

Gold prices in Chennai: 24-carat gold price is Rs 164,190 per 10 grams. The price of 22-carat gold is Rs 150,510 per 10 grams.

Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is Rs 162,340 per 10 grams, while the price of 22-carat gold is Rs 148,810 per 10 grams.

silver prices

A decline has been seen in the price of silver. On the morning of May 15, the price of silver fell to Rs 299,900 per kg. Just a day ago, silver prices in Delhi’s bullion market had fallen by Rs 900 to Rs 296,600 per kg.

In January this year, the price of silver in the country had crossed the Rs 400,000 mark. Spot silver is currently trading at $87.04 per ounce in the international market. Domestic gold and silver prices are influenced by both domestic and global factors.