Check gold and silver costs on October 23, 2023. (Representative Image: News18)
Gold, Silver Prices Today, October 23: In Delhi, the gold costs stood at Rs 56,500 and Rs 61,600 per 10 grams for 22-carats and 24-carats
Gold costs in India have been buying and selling decrease on Monday, October 23, amid lacklustre bullion demand within the spot market. In Delhi, the gold costs stood at Rs 56,500 and Rs 61,600 per 10 grams for 22-carats and 24-carats, respectively. Silver costs have been additionally down by Rs 200 to Rs 75,100 per kg.
In Mumbai, 22-carat and 24-carat gold costs have been promoting at decrease Rs 56,350 and Rs 61,450 per 10 grams, respectively. In Chennai, gold costs stood at Rs 56,600 and Rs 61,750 per 10 grams. In Kolkata, the costs of the yellow treasured steel stood at Rs 56,350 and Rs 61,450 per 10 grams for 22-carats and 24-carats, respectively.
Among different cities, gold costs in Hyderabad stood at Rs 56,350 and Rs 61,450, respectively. In Thiruvananthapuram, gold costs stood at Rs 56,350 and Rs 61,450 per 10 grams. In Bhopal, the costs have been Rs 56,400 and Rs 61,500.
Gold Prices On MCX
In the futures market, gold costs have been buying and selling decrease by 0.32 per cent to Rs 60,540 per 10 grams on the MCX and silver have been down by 0.41 per cent to Rs 72,612 per kg.
Outlook for Gold and Silver Prices in India
Veer Mishra, co-founding father of Plus, mentioned, “Gold and silver prices in India are expected to remain volatile in the coming months, as they will be influenced by a number of factors, including global economic conditions, US Federal Reserve interest rates, and the rupee-dollar exchange rate.”
However, in the long run, gold and silver are usually thought-about to be good investments, as they’re seen as secure-haven belongings. This is as a result of gold and silver costs are inclined to rise throughout instances of financial uncertainty, he mentioned.
“Overall, the price of gold and silver in India is likely to remain elevated in the coming months, but there is also potential for volatility. Investors should carefully consider their investment goals and risk tolerance before investing in gold or silver,” Mishra mentioned.
