By Admin 
Gold price today: The price of gold has reached the seventh sky amidst the increased demand due to the festive season. Gold has crossed the all-time high of Rs 1,14,000 per 10 grams. However, on Thursday, the gold speed put a brake and it saw a decline.
Today, according to the Indian Bullion Association on 25 September, gold is being sold at the rate of Rs 1,13,120 per 10 grams in the country. A day earlier on Thursday, its price was Rs 1,14,360 per 10 grams.
Why is the price of gold increasing?
According to market experts, the trend of investors is moving towards gold due to the reduction in the possible interest rates of US Fed. Amit Gupta, Senior Research Analyst at Equity and Commodity at Kedia Advisory, says that the hope of cutting interest rates in the US and warning on the risk of job market by Governor Stephen Miran has further intensified the demand for gold. Apart from this, Bhurajnic stress and economic uncertainties have also brought gold to all-time high.
Fresh sense of your city:
Gold price in your city (Rs 10 grams per 10 grams)
Delhi: 1,12,720
Mumbai: 1,12,910
Bengaluru: 1,13,000
Kolkata: 1,12,760
Chennai: 1,13,240 (most)
Silver prices
Today, silver in the country is being sold at the rate of Rs 1,33,950 per kg. A day ago, on Wednesday, its price was Rs 1,34,990 per kg. Significantly, 24 carat gold is purchased only for the purpose of investment. While 22 carats and 18 carat gold are used to make jewelery.
The rate of gold and silver is fixed on a daily basis and many factor are responsible for this. Gold in India is not only related to investment but also with tradition and cultural beliefs. Buying gold on marriage, festivals and auspicious occasions is considered auspicious. This is why demand is high and prices are affected.
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. Most of the gold is imported in India. In such a situation, import duty, GST and other local tax affect gold prices.
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