May you don’t know, but I want to tell you that Gold is a good investment for long term and in India maximum people are purchasing gold for investment purpose. India is the 2nd largest consumer of gold in the world. You should have idea about the gold price, last week price has increase to life time high
Gold, one of the most valuable and expensive metals, holds great significance in India. It is not only popular for jewellery but is also valued a investment in the form of art and coins. Despite rising gold prices, people in India continue to invest in gold regularly.
Gold prices in India fluctuate due to various factors such as global market conditions and the value of the US dollar. These changes affect different cities based on local demand and supply. If you’re planning to invest in gold, here are some key points to consider.
Gold prices continued to rise for the fourth consecutive day, reaching an all-time high due to strong retail demand. The 24K gold price in Delhi hit ₹87,810 per 10 grams, while 22K gold reached ₹80,460. In Mumbai, Chennai, and Kolkata, 24K gold was ₹87,660 per 10 grams.
The price surge is driven by global market trends, including the Federal Reserve’s cautious approach to interest rate cuts and economic uncertainty, which increases demand for gold as a safe-haven asset.
Silver prices dropped by ₹100 to ₹1,00,400 per kg as industrial demand weakened. The US Federal Reserve’s policies and global economic uncertainties continue to influence prices.
Gold has risen for four consecutive days, supported by wedding season demand, while silver remains stable due to trade concerns.
22 CARAT GOLD Rate Today
1 Gram: ₹8,046
10 Gram: ₹80,460
100 Gram: ₹80,4600
24 CARAT GOLD Rate Today
1 Gram: ₹8,781
10 Gram: ₹87,810
100 Gram: ₹87,8100
Gold Prices Across Major Cities:
Delhi: The price of 10 grams of 22-carat gold is ₹80,460, and 10 grams of 24-carat gold is ₹87,810.
Mumbai: The price of 10 grams of 22-carat gold is ₹80,360, and 10 grams of 24-carat gold is ₹87,660.
Kolkata: The price of 10 grams of 22-carat gold is ₹80,360, and 10 grams of 24-carat gold is ₹87,660.
Chennai: The price of 10 grams of 22-carat gold is ₹80,360, and 10 grams of 24-carat gold is ₹87,660.
Bangalore: The price of 10 grams of 22-carat gold is ₹₹80,070, and 10 grams of 24-carat gold is ₹88,040
Why Are Gold Prices Rising?
Safe-Haven Demand: Global economic uncertainties, including US trade policies, have increased investor interest in gold.
Federal Reserve Policy: The US Federal Reserve signaled that interest rates will remain high until inflation eases, making gold more attractive.
Wedding Season Demand: In India, local demand during the wedding season has supported price growth.
Why Is Silver Under Pressure?
Industrial Slowdown: Silver is widely used in industrial applications, including renewable energy. The threat of US tariffs has raised concerns about reduced demand.
Stronger US Dollar: A rising dollar makes silver more expensive for foreign buyers, limiting its price growth.
Key to Know Genuine Gold
If you are planning to buy gold jewelry, never compromise on quality. Always check for hallmark certification before purchasing, as it serves as the government’s guarantee of authenticity.
In India, the Bureau of Indian Standards (BIS) certifies gold with hallmark stamps, and each karat level has a distinct hallmark number. Consumers should carefully verify these marks to ensure they are buying pure gold, as failure to do so may lead to purchasing adulterated or impure gold. It is always advisable to thoroughly check and verify before making any purchase.
Conclusion
Gold prices continue to rise due to economic uncertainty and festive demand, while silver remains volatile. Investors are keeping an eye on global trade developments and US monetary policies, which will influence future price trends.