By Admin 
Gold Silver Price Today: Just before the beginning of the festive season, there has been a tremendous jump in gold and silver. On Tuesday, 24 carat gold has reached a record level of Rs 1,10,290 per 10 grams, making a big jump of Rs 1300. Gold glow has increased faster between Bhurajnical uncertainty and weak job figures of America. Market experts say that in the way the global market situation has been created, investors are constantly getting attracted towards gold.
Gold is trading at $ 3655.83 an ounce in the international market amidst the US weak job figures and expectation of rate cut from the US Fed. That is, it has registered a rise of 0.54 percent.
Fresh sense of your city
Today, 24 carat gold is trading at the rate of Rs 1,10,440 per 10 grams in the national capital Delhi, while the price of 22 carat gold is Rs 1,01,250. Similarly, 24 carat gold is being sold at the rate of Rs 1,10,290 and 22 carat gold at Rs 1,01,100 per 10 grams in the financial capital Mumbai, Hyderabad, Chennai, Bangalore and Kolkata.
Apart from this, 24 carat gold in Jaipur, Ahmedabad and Patna is trading at Rs 1,10,340 and 22 carat gold at Rs 1,01,150 per 10 grams. Significantly, 24 carat gold is often purchased for investment aim, while 22 carats and 18 carat gold are taken to make jewelery.
What are the reasons for gold and silver?
Gold and silver prices are fixed on daily basis and many factors are responsible behind it. These mainly include the following causes. Since the prices of gold and silver in the international market are fixed in the US dollars, the change in the dollar-rupaya exchange rate has a direct impact on the price of these metals. If the price of the dollar increases or the rupee is weak, then the prices of gold in India increase.
Most of the gold is imported in India. In such a situation, import duty, GST and other local tax affect gold prices. In the global market, the upheaval (eg war, economic recession or change in interest rates) directly affects the price of gold. When uncertainty in the global market increases, investors choose safe options such as gold instead of shares or other unstable assets.
In India, gold is not only related to investment, but also with tradition and cultural beliefs. Buying gold on marriage, festivals and auspicious occasions is considered auspicious. Therefore, demand is high, which affects prices. Sona has been a better return option than inflation for a long time. When inflation increases or there is a risk in the stock market, people like to invest in gold. This is the reason that its demand and price always remains.
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