After a fall of about four percent in the price of gold last week, its price went up during early trade today i.e. on Monday, 19 May 2025. 22 carat gold is trading at Rs 87,200 per 10 grams in Mumbai, while 24 carat gold is selling at Rs 95,130. However, silver has fallen by Rs 100 and is selling at Rs 96,900 per kg in Mumbai.
gold is selling at Rs 93,042 per ten grams, up 0.65 percent on MCX, while silver is also selling at Rs 95,570 per kg, up 0.26 percent.
gold became expensive
Talking about the global market, the price of gold has increased by about one percent. The reason for this is the weakening of the US dollar. US Treasury Secretary Scott Besant has once again reiterated President Donald Trump's tariffs, after which investors' interest in gold has increased amid reduced trade tensions. It is worth noting that the price of gold, which is constantly rising due to the signs of recession and global economic uncertainties, crossed the historic level of Rs 1 lakh on april 23.
New rates of your city
22 carat gold is being sold at Rs 87,350 in jaipur while in ahmedabad it is being sold at Rs 87,600. Similarly, gold is being sold at Rs 87,600 in patna while gold is being sold at Rs 87,550 in Mumbai, Hyderabad, Chennai, Bengaluru and Kolkata.
This change in the price of gold and silver keeps increasing or decreasing due to changes in international market rates, import duty and tax and exchange rate. Due to these factors, the price of gold and silver is decided across the country. If we talk about India, then it is also very important from the cultural point of view, especially its importance increases a lot during festivals and weddings.
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