By Admin 
Gold Price Today: In the environment of global uncertainty, gold prices are continuously rising. The prolonged Ukraine conflict and increasing tensions with the US over Venezuela and Iran have increased investors’ concerns. In such circumstances, gold has once again emerged as the safest and most attractive option for investors.
Today in the national capital Delhi, 24 carat gold is being sold at the rate of Rs 1,44,160 per 10 grams, while the price of 22 carat gold has been recorded at Rs 1,32,160 per 10 grams. Generally 24 carat gold is purchased for investment purposes, while 22 carat and 18 carat gold is used in making jewellery.
Gold price today in your city
In the country’s financial capital Mumbai including Chennai, Kolkata and Hyderabad, the price of 24 carat gold is Rs 1,44,010 per 10 grams, while 22 carat gold is being sold at the price of Rs 1,32,010 per 10 grams. Whereas in Ahmedabad, Jaipur, Bhopal, Lucknow and Chandigarh, 24 carat gold is available at the rate of Rs 1,44,160 per 10 grams and 22 carat gold is available at the rate of Rs 1,32,160 per 10 grams.
Experts believe that as long as global geopolitical tensions persist, the upward trend in gold prices may continue.
How is the rate decided?
Gold and silver prices are decided on a daily basis and many domestic and global factors are responsible for their fluctuations. These precious metals indicate not only investment but also the economy and global situation. Let us know what are the reasons for changing the prices of gold and silver –
1. Effect of dollar and exchange rate
In the international market, the prices of gold and silver are fixed in US dollars. In such a situation, changes in the dollar-rupee exchange rate have a direct impact on the Indian market. If the dollar strengthens or the rupee weakens, the prices of gold and silver increase in India.
2. Import duties and taxes
India imports most of the gold it needs. Therefore, import duty, GST and other local taxes directly affect the gold prices. Any change in tax may cause the prices to go up or down.
3. International market situation
Globally, events like war, geopolitical tension, economic recession or changes in interest rates have a deep impact on gold prices. When uncertainty increases in the market, investors move from risky assets like shares to safer investments like gold.
4. Social and cultural importance of gold in India
In India, gold is not just an investment but an important part of tradition and culture. The demand for gold increases during marriages, festivals and auspicious occasions, which affects the prices.
5. Inflation and investment perspective
Gold has long been considered a safe investment option against inflation. When inflation increases or there is instability in the stock market, investors consider it better to invest money in gold. This increases both its demand and price.
Also read: Alert for bankers, banking services will remain closed in this state tomorrow on January 16.