Gold price today: Due to some decrease in global uncertainties, there can be a decrease in pressure on gold in India, although it is still considered to be the safest option for investors. If you compare Akshaya Tritiya this time with Akshaya Tritiya last year, then the price of gold has increased by about 30 percent. Whereas, according to the reports of the industry, the price of gold has increased by about 100 percent in the previous years.

According to the official website, gold was trading at Rs 94,611 per 10 grams at MCX at around 7.20 am. That is, its price has come down by about 91 rupees today. Whereas, silver on MCX is being sold at a price of Rs 94,561 per kg, that is, it has a decline of Rs 2,301.

Gold and silver decline

According to the Indian Bullion Association, the price of 24 carat gold was Rs 94,880 at 7.20 am, while 22 carat gold was trading at Rs 86,973. At the same time, silver (silver fine 999) is being sold at the rate of Rs 95,950 per kg. The special thing is that today is May 1 which is celebrated all over India as Labor Day. Apart from this, there is also Maharashtra Day, due to which the stock market is closed. Gold trade on MCX will be second half i.e. from five in the evening to eleven and a half in the night.

Your city’s new rates-

The bullion rate of gold in the financial capital Mumbai is Rs 95,710 per ten grams while Karoba is doing Karoba at the rate of Rs 94,611 on MCX. Similarly, the bullion rate of silver is Rs 95,780 per kg, while silver (999 silver fine) at MCX is Rs 94,561 per kg.

In Chennai, the bullion rate of gold is being sold at Rs 94,990, while ACX is being sold at Rs 94,611 per 10 grams. While silver on bullion is being sold at Rs 96,060 per kg, at MCX for Rs 94,561.

Talking about Kolkata, the price of gold on the bullion here is Rs 94,580 per 10 grams while Rs 94,611 on MCX. While the price of silver on the bullion is Rs 95,650, the silver on MCX is trading at the rate of Rs 94,561 per kg.

Also read: Why the stock market is closed today, why trading is not happening in the beginning of May, know the special reason

Gold Price: Since the announcement of the tariff on April 2 by US President Donald Trump, there is a lot of stir in the international market. There is a big suspense in the stock market from turmoil to jewelery market. In such a situation, the question is arising as to why the price of gold is increasing suddenly and how long will this last. Along with this, on Akshaya Tritiya, some market experts have estimated its price to cross 1 lakh, so what should be done before you.

Actually, since the tariff was announced, the price of gold is touching the sky. Gold of more than seven percent has given returns, that is, the bank does not give so much benefit as an interest of year -old. On April 2, the price of gold was Rs 93,750 per 10 grams. It made a new record that day. Later, there was a decline in the price of gold and it went to 90,600 on 8 April. But when a brake was applied on the tariff for 90 days, then its price was increased.

Between April 8 and April 18, the market opened for about seven days, while the rest of the day was weekly or other holidays. During this time, the price of gold increased by about Rs 7100 per 10 grams and gold reached a record 97,700. Gold broke its old records on April 10, April 11, April 12, April 16 and 17.

Now on April 30, Akshaya Tritiya is with Sahalag and on this occasion, the most jewelry is purchased after Dhanteras. In such a situation, the demand for gold in the Indian market is increasing continuously.

According to the market experts, the price of gold can increase further in the next two weeks, so people are already booking coins and gold biscuits, so that Akshay takes delivery on the day of Tritia. Apart from this, another factor is also to increase the demand for gold that marriages will start in May, so people are trying to shop before the possibility of moving forward.

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