By Admin 
Gold price today: Gold has been in the news for some time for some time. On the special occasion of Ganesh Chaturthi, gold prices have been increased for the second consecutive day. After this, its price has once again reached near all time high. After seeing the continuous decline in gold last week, the price of gold has started increasing gradually this week.
24 carat gold people buy for investment, while 22 carats and 18 carat gold are used in jewelery making work. Today, where the price of 24 carat gold increased by Rs 160, 22 carat gold has increased by Rs 150 and 18 carats have increased by Rs 120.
Let us know the price of gold in your city:
Today, 24 carat gold is being sold at Rs 1,02,750 in the national capital Delhi while the economic capital is being sold at the rate of Rs 1,02,600 in Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune. Similarly, 22 carat gold is trading at Rs 94,200 in Delhi while in Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Kerala and Pune at 94,050 per 10 grams.
Similarly, 18 carat gold is available at Rs 77,080 in Delhi, Rs 77,750 in Chennai and Rs 76,990 in Mumbai, Kolkata, Bengaluru, Hyderabad, Keller, Pune and Vadodara.
How is the rate fixed?
Gold and silver prices are fixed daily and many economic, social and global reasons are connected behind it. First, the exchange rate and dollar prices fluctuate directly affect the price of these metals, as gold and silver are fixed in the US dollars in the international market. If the dollar becomes expensive or the rupee becomes weak, then gold and silver prices in India increase.
The second major reason is customs and tax. Most of gold is imported in India, so import duty, GST and local taxes affect its price. The status of the international market also changes the rates of gold. In the time of war, economic recession, change in interest rates or global instability, investors turn to safe options like gold and silver instead of shares, which increases their prices.
Gold also has a special cultural and social importance in India. Buying gold on weddings, festivals and auspicious occasions is considered a tradition. Due to this, demand increases and the price is affected. In the end, gold and silver are also important from the point of view of inflation and investment. At the time of inflation, gold proves to be a better return tool. People consider gold and silver a safe investment when the risk in the stock market increases. This is the reason why the demands and prices of these metals are always high.
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