Gold Price Today: Gold rates are increasing rapidly across the country. Apart from supply and demand, there are many other factors which are continuously influencing these prices. The average rate of 10 grams of 24 carat gold is Rs 63,000. Apart from this, let us know the updated prices of gold in Chennai, Delhi and Mumbai.
Gold Price Today: On 6 February 2024 , slight fluctuations were seen in the price of gold in different cities of the country . The rate of 10 grams of goldis Rs 63,000 . Whereasthe average rate of 10 grams of 24 carat gold is Rs 63,000 and the rate of 22 carat goldis Rs 57,750 . At the same time, the rate of silver has also increased rapidly in the market. The price of one kg silverhas increased to Rs 74,500 . Gold pricesare different in different parts of the country –
Gold price in Mumbai
10 grams 22 carat gold – Rs 57,750
10 grams 24 carat gold – Rs 63,000
Gold rate in Delhi
10 grams 22 carat gold – Rs 57,900
10 grams 24 carat gold – Rs 63,150
Gold rate in Chennai
10 grams 22 carat gold – Rs 58,300
10 grams 24 carat gold – Rs 63,600
Latest gold rates in different corners of the country
The retail price of gold in the country is affected by different reasons . In this, the global gold price , value of rupee and the labor involved in the production of gold jewelery and the cost of materials used in making it are also added to it. In India, gold has a lot to do with culture , its role is very important in everything from investment to weddings and festivals.
Factors affecting the price of gold
The price of gold depends on supply and demand. If more people are showing interest in buying gold, its price will automatically increase. Excess supply of gold in the market also affects its price.
Global economy also plays an important role in determining gold prices. During economic downturns or recessions , investors often turn to gold as a safe-haven investment , causing its price to rise. Political instability also has a significant impact on gold prices.
The All India Gem and Jewelery Domestic Council recently estimated gold prices to reach Rs 70,000 per 10 grams due to global economic uncertainties and geopolitical tensions.
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