By Admin 
Gold price today: Due to a decrease in Bhurajnial tension and the rise in domestic market, gold prices have fallen by about 2 percent i.e. Rs 2160 per 10 grams in the last ten days. Traditionally, there is a high demand for gold in the months of August, September and October because during this time big festivals like Ganesh Chaturthi, Navratri and Diwali come. Recently, gold had reached a record high, due to which buyers were waiting for a fall in prices before big purchases. Now the decrease in prices gradually has hoped the buyers.
Fresh sense of your city
Today, 24 carat gold is being sold across the country at Rs 1,00,750, 22 carat gold at Rs 92,350 and 18 carat gold at Rs 75,560 per 10 grams. 24 carat gold is the most expensive and is usually purchased for investment, while 22 carats and 18 carat gold are used more to make jewelery.
Gold was slightly higher for comparison a day earlier. At that time 24 carat gold was being sold at the rate of Rs 1,01,180, 22 carat gold at Rs 92,750 and 18 carat gold at the rate of Rs 75,890 per 10 grams.
If we look at the city -wise price, 24 carat gold in Delhi is available at Rs 1,00,090, Rs 1,00,750 in Chennai, Rs 1,00,750 in Mumbai and Rs 1,00,750 per 10 grams in Kolkata. Similarly, 22 carat gold prices are Rs 92,500 in Delhi, Rs 92,350 in Chennai, Rs 92,350 in Mumbai and Rs 92,350 in Kolkata. At the same time, 18 carat gold is being sold at Rs 75,690 in Delhi, Rs 76,350 in Chennai, Rs 75,560 in Mumbai and Rs 75,560 in Kolkata.
How is the rate fixed?
Gold and silver prices vary daily and many economic, international and domestic factors play an important role in deciding them.
1. Exchange rate and dollar strength
Gold and silver prices are fixed in US dollars in the international market. If the dollar is strong or the rupee weakens, then gold and silver prices in India increase. Conversely, prices may decrease when the dollar is weak.
2. Customs and Tax
Large parts of gold and silver are imported in India. In such a situation, import duty, GST and other taxes directly affect the price of these metals. If the government increases the import duty, then the prices of gold and silver increase.
3. International Market Status
Global economic and political conditions, such as war, recession, changes in interest rates or stock market volatility, affect gold and silver prices. In an uncertain environment, investors invest in gold and silver as a safe alternative, which increases their demand and price.
4. Social and cultural importance in India
Gold in India is not only an investment, but a part of tradition and culture. The purchase of gold on marriage, festivals and auspicious occasions is considered mandatory. For this reason, demand increases especially during festive and wedding season and prices go up.
5. Inflation and investment attitude
Gold is considered to be the strongest means of hedge against inflation. When inflation increases or other investment options are high risk, people turn to gold and silver. This causes prices to rise.
That is, the prices of gold and silver are not only determined by the demand and supply of the market, but also deeply related to global events, economic policies and Indian traditions. Due to the closer festive season, it is believed that the demand for gold will increase in the coming time, which can continue its prices.
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