Gold-Silver Price Today: After the increase in the Fed rate, gold reached a low of 7 months, check the latest rate here...

Gold Price Today: There has been a decline in the prices of gold and silver in India. Today, due to the fall in international prices, there is a weakness in the prices in the domestic market. Gold futures on MCX have reached a 7-month low of 49,321, with a decline of 0.25%. While silver fell 0.4% to Rs 57,059 per kg.

Gold and Silver rates in the international market
In global markets, spot gold prices fell 1% to $1,656.97 an ounce, influenced by a firmer dollar and firmer bond yields. The US Federal Reserve raised interest rates by 75 basis points overnight and signaled more hikes. Two-year yields from the US Treasury, which closely tracks Fed rates, rose to an all-time high of more than 4% since 2007.

Gold protects against inflation
Gold is seen as a hedge against inflation, but raising rates to contain inflation increases the opportunity cost of holding zero-yield bullion. Spot silver fell 1.7% to $ 19.26 an ounce.

Gold and silver rates in major cities of India
According to the prices released on the Goodreturns website, the rates of gold and silver in the major cities of the country are being spoken as follows-

City ​​22 carat 24 carat
Chennai ₹46,500 ₹50,730
Mumbai ₹45,800 ₹49,960
New Delhi ₹45,950 ₹50,110
Kolkata ₹45,800 ₹49,960
Bengaluru ₹45,850 ₹50,040
Hyderabad ₹45,800 ₹49,960
Kerala ₹45,800 ₹49,960
Pune ₹45,830 ₹49,990
Baroda ₹45,830 ₹49,990
Ahmedabad ₹45,850 ₹50,040
Jaipur ₹45,950 ₹50,110
Lucknow ₹45,950 ₹50,110
Coimbatore ₹46,500 ₹50,730
Madurai ₹46,500 ₹50,730
Vijayawada ₹45,800 ₹49,960
Patna ₹45,830 ₹49,990

Silver rates
Chennai ₹62200.00
Mumbai ₹57400.00
New Delhi ₹57400.00
Kolkata ₹57400.00
Bengaluru ₹62200.00
Hyderabad ₹62200.00
Kerala ₹62200.00
Pune ₹57400.00
Baroda ₹57400.00
Ahmedabad ₹57400.00
Jaipur ₹57400.00
Lucknow ₹57400.00
Coimbatore ₹62200.00
Madurai ₹62200.00
Vijayawada ₹62200.00
Patna ₹57400.00