Gold Price Today: In 7 days, 24-carat gold has gotten a hike of ₹1,700, and 22-carat gold has added ₹1,550 during this period.
Gold Price Today in India – Per 10 Grams.
India is once more climbing. In fact, they have made record highs. Buying gold today requires listening to the newest possibilities.
Here are today’s gold prices across major Indian cities
Gold Prices in Metro Cities
24K – ₹87,920 | 22K – ₹80,600. in Delhi
24K – ₹87,770 | 22K – ₹80,450 in Mumbai
24K – ₹87,770 | 22K – ₹80,450- Kolkata
24K- ₹87,770 | 22K- ₹80,450 in Chennai
24K- ₹87,770 | 22K- ₹80,450 in Hyderabad
Gold Rates for Other Main Destinations
Jaipur- 24K- ₹87,920 | 22K- ₹80,600
Lucknow- 24K- ₹87,920 | 22K- ₹80,600
Chandigarh- 24K- ₹87,920 | 22K- ₹80,600
Bhopal- 24K- ₹87,820 | 22K- ₹80,500
Why Is the Gold Price Increasing?
1) Global Economic Uncertainty
In the face of inflationary and geopolitical tensions, it becomes necessary for investors to master gold in order to escape as that to make all gold prices go up.
2) Depreciation of the Indian Rupee vis-a-vis the US Dollar
Higher domestic prices have been created because gold imports have become expensive due to the rupee’s weakness against the US dollar.
3) High Inflation Rates
Gold is the world’s most common hedge against inflation meaning that it is often in higher demand in times of economic uncertainty.
Black Gold Buyers Impact
Gold Jewelry Getting Costlier Some consumers have great difficulty purchasing gold jewelry due to soaring prices.
Gold for Investment
Those thinking of investing in gold should consider investing in Gold ETFs digital gold and sovereign gold bonds which will give better flexibility for such investments.
Best Time to Buy Gold?
Experts suggest watching the price trend and if possible buying when the market’s dip or festival discounts come.
Final Remarks
Gold prices are on the rise and experts expect them to rise even more. If you plan to invest in gold or buy jewelry for yourself.
Stay updated with the latest gold rates.
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