Gold always one Important investment option And Valuable property Used to be. Its prices vary from time to time, which various Economic And Market factors Depends on. In recent times, gold prices Quite ups and downs It has been observed, which has increased interest between investors and consumers.
Gold prices are affected by many factors, such as Global economic conditions, Inflation rateAnd Interest ratesWhen inflation is high, people like to invest in gold because it is one Safe investment option It is believed.
In addition, when interest rates are low, people invest more in gold because it is more attractive than other investment options. Demand for gold in India especially Festivals And Increases in weddings season Is.
Gold demands increase even after good monsoon and bumper crops in rural areas. This is why gold prices often increase in these seasons.
Gold rate today
| Gold purity | Price (10 grams per) |
| 24 carat | 89,085 rupees (previous day) 88,306 rupees (today) |
| 23 carat | About 87,000 rupees |
| 22 carat | 82,400 rupees |
| 18 carat | 67,420 rupees |
| 14 carat | 51,659 rupees |
Due to change in gold prices
- Global Economic Conditions: Global economic conditions, such as trade war and economic recession, can affect gold prices.
- Inflation rate: Gold is considered a safe investment option at the time of high inflation rate, which can increase its prices.
- Interest Rates: Investment in gold may increase in the time of low interest rates, which can increase its prices.
- demand and supply: Change in demand for gold and supply of supply also affects its prices.
City wise details of gold prices
- Delhi: The price of 18 carat gold is Rs 67,420 per 10 grams.
- Kolkata and Mumbai: The price of 18 carat gold is Rs 67,300 per 10 grams.
- Indore and Bhopal: The price of 18 carat gold is Rs 67,340 per 10 grams.
- Chennai: The price of 18 carat gold is Rs 67,800 per 10 grams.
Due to fall in gold prices
- Global market conditions: The global market has reduced the demand for gold due to economic stability and trade agreements.
- Decreased inflation rate: Demand for gold has reduced due to reduction in inflation rate.
- Changes in interest rates: Changes in interest rates have also affected gold prices.
Future of gold prices
The future of gold prices will depend on many factors, such as Global economic conditions, Inflation rateAnd Interest ratesIf Global economic conditions stable Lives and Inflation rate low If it remains, gold prices can be stable or low. But if economic uncertainty increases, gold prices may increase again.
Benefits of investment in gold
- Safe investment: Gold is considered a safe investment option, especially in the time of economic uncertainty.
- Defense against inflation: Gold is considered a good defense against inflation.
- Liquidity: Gold can be sold easily and its liquidity is good.
conclusion
Gold prices always vary and it depends on many economic and market -related factors. If you are thinking of investing in gold, then you should keep in mind the conditions of the market and consult your financial advisor.
Disclaimer: This article is for general information and the information given in it should not be taken as investment advice. Gold prices vary in real time, so it is necessary to check fresh rates before investment.
