By Admin 
Gold price today: In the midst of the stir in the global world, there is a steady rise in the prices of gold and silver. The price of gold has risen amid the possibility of cutting possible interest rates from the US Federal Reserve and the weakness of the US dollar. During the last few months, gold prices have increased by about 50 percent, which has left other investment options such as equity and real estate far behind.
According to Sandeep Richura of brokerage firm PL Capital, the international price of gold is currently $ 3,800 an ounce and with an increase of 26 percent it can cross $ 4,800.
Fresh sense of your city:
Today, 24 carat gold on MCX is being sold in the national capital Delhi at the rate of Rs 1,16,550 per 10 grams, while the price of 22 carat gold is Rs 1,06,850. Similarly, 24 carat gold is available at the rate of Rs 1,16,400 in Pune, financial capital Mumbai, Hyderabad, Chennai, Bangalore and Kolkata, while 22 carat gold is being sold at Rs 1,06,700 per 10 grams at these places.
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.
How is the rate fixed?
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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