The price of gold in India has always been a topic of discussion. Gold is extremely important not only as an ornament but also as investment. Recently, on February 12, there was a major change in gold prices. This news is important for every person who invests in gold or planning to buy it.
Gold prices depend on many factors, such as international markets, dollar strength, crude oil prices and domestic demand. In this article, we will give you detailed information about the new gold prices on 12 February. At the same time, we will also explain why this change happened and what will be the impact on investors.
Gold Price Today update on 12 February
On 12 February, 24 carat gold prices declined. This decline was due to weak demand for gold in the international market and the dollar strength. Gold prices in India depend mainly on international market trends.
The table below gives details of different carat gold prices on 12 February:
| Carat (CARAT) | Price (10 grams per) |
| 24 carat | ₹ 56,000 |
| 22 carat | ₹ 51,300 |
| 18 carat | ₹ 42,000 |
| 14 carat | ₹ 33,500 |
Due to fall in gold prices
Changes in gold prices occur due to many reasons. The following are the main reasons for the decline on 12 February:
- International Market: Globally low demand was under pressure on prices.
- Dollar strengthening: Gold prices came down due to increasing dollar index.
- Reduction in domestic demand: Demand decreased due to the end of the wedding season in India.
- Effect of interest rates: Investors were attracted to other options by increasing interest rates by the US and other countries.
Gold Investment: Is this the right time?
Investing in gold is an old tradition for Indian families. But the question arises that will it be beneficial to buy gold right now?
- If you want to invest for a long time, current prices may be a better opportunity for you.
- Short -term investors should be cautious as the market is still unstable.
- Experts believe that gold prices may rise again in the coming months.
Fautable things when buying gold
Whenever you buy gold, keep in mind the following things:
- Check purity: Always buy gold with bis hallmark.
- Compare price: Compare the prices of different jewelers.
- Making Charge: Making charge can be different at different shops, check it.
- Take the bill: Always take shopping bill so that there is no dispute in future.
Gold Price Today: Future estimates
Experts believe that the price of gold may increase again in the coming days. The main reason for this is global economic uncertainty and inflation.
Potential factors that can increase prices:
- Geophysical conditions like Russia-Ukraine War.
- Increasing crude oil prices.
- Fear of global recession.
Potential factors that can reduce prices:
- More increase in interest rates by the US Federal Reserve.
- Strengthening of the dollar index.
Gold vs other investment
Gold is considered safe than other investment options such as stock markets or mutual funds. A comparison is given below:
| Parameter | Sleep | Stock market |
| hazard | Less | High |
| Return | steady | Unstable |
| Liquidity | High | medium |
| Inflation security | better | Limited |
International market influence
Gold prices in India are connected to the international market. Therefore, whenever a major event occurs globally, it has a direct impact on the Indian market.
International events that can affect:
- US dollar performance
- Crude oil supply
- Economic policies of big countries like China and America
conclusion
The decline on February 12 gave relief to those who had been waiting to buy gold for a long time. However, investors are advised to keep an eye on the market and take decisions only after consulting experts.
Disclaimer:
This article is written only for the purpose of providing information. Gold prices vary constantly and this article does not give any type of financial advice. Please seek specialist advice before investing.
