Gold-Silver Price: On one side the price of oil increased, on the other side gold became expensive; Know what is the price of 10 grams today?

Gold-Silver Price Today: A rise in gold prices is being seen in India today. Today the price of 24 carat gold is approximately Rs 16331 per gram, which is Rs 93 more than yesterday. Similarly, the price of 10 grams of 24 carat gold is currently around Rs 1,63,310, while the price of 100 grams of gold is around Rs 16,33,100.

How much has the price of 22 and 18 carat increased?

Today the price of 22 carat gold has also increased in the country. Today 22 carat gold is approximately Rs 14970 per gram. In the domestic market, the price of 10 grams of 22 carat gold is around Rs 1,49,700, while the price of 100 grams is around Rs 14,97,000. Similarly, the price of 18 carat gold today is around Rs 12248 per gram, which shows an increase of Rs 69 as compared to yesterday. The price of 10 grams of 18 carat gold today is approximately Rs 1,22,480, while the price of 100 grams is approximately Rs 12,24,800.

Why did the price increase?

Experts say that gold is getting structural support from geopolitical uncertainty, but major macroeconomic factors are equally important. Investors are closely monitoring the global inflation trend and the policy of the Central Bank. Meanwhile, today the price of crude oil crossing 100 dollars per barrel is also affecting the price of gold.

Usually when crude oil prices increase, gold also becomes expensive. Due to cost of crude oil, expenses from transportation to manufacturing increase. Due to this, there is a possibility of increase in inflation and gold has been considered a safe investment against inflation.

Apart from this, the price of oil also affects the value of the dollar because oil is traded all over the world through it. When oil becomes expensive, the expenses of oil importing countries like America increase. This sometimes weakens the dollar. When the dollar weakens, investors adopt gold as a safe option. Now it is obvious that if the demand for gold increases, its price will also increase.

price of silver

Today the price of silver in India is Rs 280 per gram and Rs 2,80,000 per kg. A big decline of Rs 10 and Rs 10000 respectively is being seen in these as compared to yesterday. Experts say that this big decline has happened due to fluctuations in the global market and profit booking by investors.

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