By Admin 
Gold price today: A big decision has been taken after the important meeting of the GST Council. Important changes have been made in the tax structure in the meeting, due to which the prices of most things required everyday will be reduced. It is believed that this step will be helpful in strengthening the Indian economy amidst American high tariff pressure.
Meanwhile, the prices of gold are constantly increasing. On Wednesday, 24 carat gold is available at Rs 1,06,980 per 10 grams, 22 carat gold at Rs 98,060 and 18 carat gold at Rs 80,240. In terms of investment, where 24 carat gold is purchased, 22 and 18 carat gold is mainly used in making jewelery.
Fresh sense of your city:
If we look at the city -wise price, then in the national capital Delhi, 24 carat gold is trading at Rs 1,07,130, 22 carat gold at Rs 98,210 and 18 carat gold at Rs 80,360 per 10 grams. At the same time, 24 carat gold in Chennai, Mumbai, Kolkata and Bengaluru is available at a price of Rs 1,06,980, 22 carat gold at Rs 98,060 and 18 carat gold at Rs 81,160.
The price of silver has also seen a boom. Silver is trading in Mumbai at Rs 1,27,100 per kg, Chennai at Rs 1,37,100 per kg and in Delhi and Kolkata at Rs 1,71,100 per kg.
How is the rate fixed?
Gold and silver prices change daily and are responsible for many kinds of reasons behind it. First of all, their prices have a direct impact on their prices, as gold and silver prices are fixed in dollars in the international market. When the dollar is strong or the rupee is weak, their prices increase in India. Apart from this, since a large part of gold is imported in India, customs, GST and other taxes also affect their prices.
Global conditions such as war, economic recession or fluctuations in interest rates also have a profound impact on gold and silver prices, as investors in such uncertain situations turn to gold as a safe option.
The social and cultural significance of gold in India also affects prices, because buying gold in marriage and festivals is considered auspicious, which increases the demand. Also, in the event of rising inflation or risks in other investment means, people consider gold as safe investment, due to which its demand and prices remain constant.
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