New Delhi. Gold Price In India have once again increased in India. On Thursday, June 20, 2024, gold and silver prices saw a rise. After falling in last few days, price of gold is now rising again. This increase has raised concern among common people, especially those who are planning to buy gold for important occasions like weddings.
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Recently, price of gold was seen to be very low. But now gold price in india has started increasing again. Nowadays, gold, silver and other precious metals are seen to be expensive. Due to increase in gold price in india, there has been a stir in market.
Increase In Gold Prices
Today, price of 10 grams of 24 carat gold has reached Rs 72,169 after an increase of Rs 400. Gold prices of 995 purity rose to Rs 71,880 per 10 grams, while 22 carat gold of 916 purity rose to Rs 66,107 per tola. Apart from this, price of 750 purity i.e. 18 carat gold has increased to Rs 54,127 per 10 grams. Finally, price of 585 purity (14 carat) gold was recorded at Rs 42,219 per ten grams.
Price Of Silver Has Also Increased
Along with gold, price of silver is also increasing. Silver price has increased to Rs 90,050 per kg. This increase has also become a topic of discussion in market, as silver is an important metal in Indian weddings and festivals.
Gold Prices In Four Metros
Gold Price in Delhi
- 22 carat gold rate: Rs 66,550 per 10 grams
- 24 carat gold price: 72,590 rupees per 10 grams
Gold Price in Mumbai
- 22 carat gold price: Rs 66,400 per 10 grams
- 24 carat gold price: 72,440 rupees per 10 grams
Gold Price in Kolkata
- 22 carat gold rate: Rs 66,400 per 10 grams
- 24 carat gold price: 72,440 rupees per 10 grams
Gold Price in Chennai
- 22 carat gold price: 67,000 rupees per 10 grams
- 24 carat gold price: Rs 73,010 per 10 grams
Reason for Gold Price in India
There could be many reasons for this rise in gold price in india. Global market conditions, inflation, foreign exchange rates and domestic demand are some of major factors that influence prices of these metals. Apart from this, demand for gold has also increased in international market, due to which its prices have increased.
Impact On Middle Class Families
Middle class families are affected most by rising gold and silver prices. It becomes very difficult for middle class to buy gold during wedding season. If a middle class family is preparing for their daughter’s marriage, high price of gold has a huge impact on their budget. Gold is very important at time of marriage in India and in such a situation increased price of gold increases anxiety of people.
Prices Of Different Carats Of Gold
Gold price in india also vary according to different carats. 24 carat gold is purest and has highest value. This is followed by 22 carat, 18 carat and 14 carat gold prices. Following are gold prices of different carats.
- 24 carat: Rs 72,169 per 10 grams
- 22 carat: Rs 66,107 per 10 grams
- 18 carat: Rs 54,127 per 10 grams
- 14 carat: Rs 42,219 per 10 grams
A rise in gold and silver prices can be an important signal for investors. This can be a profitable position for those who have already invested in gold. At same time, those who are considering investing in gold now, should carefully analyze market conditions.
Gold and silver prices may rise further in coming time. Which completely depends on global economic conditions, inflation rates and foreign exchange rates. Experts believe that if uncertainty in global market continues, gold prices may see a further rise.
Today’s increase in gold and silver prices has created a stir in market. This increase is a matter of great concern for general public, especially those who are planning to buy gold in near future. These are tough times for middle-class families, as high gold prices are affecting their budgets. This can be a profitable time for investors, but they should carefully analyze market conditions. Gold-silver prices are also likely to rise further in future, so everyone should be alert and take informed decisions.
