By Admin 
Gold price today: On Wednesday, October 1, there was a tremendous jump in gold prices amid uncertainty uncertainties and possible interest rates from US Fed at the global level. Prices are almost the same in metros like Delhi and Mumbai. Even today, gold remains investors’ favorite investment option. Gold is not only a source of investment in India, but it also has cultural and auspicious significance. When inflation increases and the risk in the stock market is high, investors often consider gold as safe investment.
Your city rate
In the national capital Delhi, the price of 24 carat gold today is Rs 128740 (per 10 grams), while 22 carat gold is Rs 118,604 and the price of 18 carat gold is Rs 97040. Similarly, 24 carat gold is being sold in Chennai at the rate of Rs 122,877, 22 carat gold at Rs 113,202, 18 carat gold at the rate of Rs 92,621.
In the metropolis Kolkata, 24 carat gold remains Rs 126,744, 22 carat gold at Rs 116,765, 18 carat gold at a price of Rs 95,536. Whereas, in the financial capital Mumbai, 10 grams 24 carat gold is being sold at Rs 128,366, 22 carat gold at Rs 118,259, 18 carat gold at the rate of Rs 96,758. 24 carat gold is purchased for the purpose of investment, while 22 carats and 18 carat gold are used to make jewelery.
Learn how the rate of gold is decided?
Most of the gold in India is imported from abroad. Customs, GST and other local taxes are applied to imported gold. In addition, economic uncertainty in the global market, changes in war, recession or interest rates affect gold prices.
When uncertainty increases globally, investors choose gold as safe investment. The demand for gold remains stable even at the domestic level, especially on marriage, festivals and other auspicious occasions. Apart from this, during every inflation, Sona has proved herself a better return than any other investment.
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