Gold Silver Price Today 16th September 2021: There was a big fall in gold prices again today. In the bullion market today, the rate of 24 carat gold came down to Rs 46,500. The rate of 10 grams of gold fell by Rs 324 to Rs 46839. At the same time, silver prices have also seen a softening. Silver rate fell by Rs 1,195 to Rs 61,063. India Bullion and Jewelers Association (IBJA) has released today’s gold and silver rates.
Gold rate also dropped in MCX
Gold and silver rates started weak in the domestic market on Friday. In the previous session, there was a big fall in both these precious metals. On MCX, gold futures were trading marginally lower at Rs 46,050 per 10 grams and silver was up 0.26 per cent at Rs 61,233 per kg. In the previous session, gold was down by Rs 807 or 1.7 per cent and silver by Rs 2,150 or 3.5 per cent.
Here is the price of gold and silver on IBJA today..
||Rate of September 17 (Rs. / 10 g)
||Rate of September 16 (Rs. / 10 g)
Rate Change (Rs./10 gram)
|Gold 999 (24 karat)
|Gold 995 (23 carats)
|Gold 916 (22 karat)
|Gold 750 (18 carats)
|Gold 585 ( 14 karat)
The rates of BJA are considered everywhere in the country.
There may be a difference of 500 to 1000 rupees in this rate issued by India Bullion and Jewelers Association and the price of your city. Here the average price of gold is told.
This is the price in the international market
In the international markets, the spot price of gold was flat at $1,754.86 an ounce. It came down quite a bit in the last session. The strengthening of the dollar has reduced the advantage for those holding gold in other currencies. Investors are cautious ahead of next week’s meeting of the US Federal Reserve. In this meeting, the beginning of reduction in the relief package can be indicated. Silver was also flat at $22.93 an ounce. Silver had touched a more than a month low on Thursday. Bullion experts say that if the price of gold remains below $ 1,770 an ounce, it may continue to decline. It is likely to rally again only if it crosses above $1,815. A reduction in the purchase of bonds by the Federal Reserve will result in an increase in bond yields. This will reduce the attractiveness of gold for investors.
Peak was made in August last year
Gold rates in the domestic market are almost at a month’s low. The situation is not clear about the cut in the Federal Reserve’s relief package and a strong dollar is affecting gold. In August last year, gold had set a record high of Rs 56,200 per 10 grams.