By Admin 
Gold-Silver Price Today: Gold and silver prices have increased again today. Today the price of 24 carat gold in the country is 11,775 per gram and the price of 18 carat gold (also known as 999 gold) is 9,634 per gram.
According to this, today the price of 10 grams of 24 carat gold is Rs 1,28,460, which is Rs 710 more than yesterday’s Rs 1,27,750. According to this, the price of 22 carat gold per 10 grams today is Rs 1,17,750, whereas yesterday its price was Rs 1,17,100. That means its price has increased by Rs 650. At the same time, the price of 10 grams of 18 carat gold today is Rs 96,340, which was Rs 95,810 yesterday. That means it has increased by Rs 530.
Check the latest price of gold in these cities
- Today the price of 24 carat gold per gram in cities like Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Mysore, Mangalore and Bhubaneswar is Rs 12,846. At the same time, in these cities today the price of 22 carat gold is Rs 11,775 per gram and the price of 18 carat gold is Rs 9,634 per gram.
- Today, the price of 24, 22 and 18 carat gold in cities like Delhi, Lucknow, Jaipur, Chandigarh, Gurgaon and Ghaziabad is Rs 12,861, 11,790 and Rs 9,649 per gram respectively.
- Today the price of 24 carat gold per gram in Chennai, Madurai, Salem, Trichy, Vellore, Kanyakumari is Rs 12,916. Whereas, the price of 22 and 18 carat gold is Rs 11,840 and Rs 9,875 per gram respectively.
Why is the demand for gold increasing?
So far in November, the price of 24 carat gold has increased by approximately Rs 44,700 per 100 grams. In this way, the prices of silver also continued to rise. This rise in the prices of gold and silver is being seen because the chances of the US Federal Reserve cutting the rates once again in December have increased. In such a situation, the demand for safe-haven assets has increased among investors.
Generally, when interest rates are low, gold prices increase because low interest rates increase the risk of inflation and gold acts as a hedge against inflation. When interest rates are low, people focus more on spending rather than saving because they do not get much return on savings. When expenditure is high, the demand for things increases, but due to supply not being able to keep pace with it, prices increase. Due to this inflation increases.
Today the price of silver in India is Rs 176 per gram and Rs 1,76,000 per kilogram.
Also read:
Silver became expensive by Rs 10,000 in 3 days, why is its price increasing rapidly?