Gold and silver prices have started touching the sky once again during the wedding season. These days, there is a record increase in gold prices. Gold prices are skyrocketing due to Donald Trump’s tariff, dollar fall and economic recession. Let us tell you that in the business of Monday evening, gold created history and for the first time in the physical market, it reached 1 lakh rupees. The final price of 24 carat gold was recorded at Rs 97,200 per 10 grams. Gold prices increased to Rs 100,116 due to 3% Goods and Services Tax (GST).
How is the price of gold determined?
Gold prices in India continue to fluctuate due to several reasons, such as international market prices, government tax and dollar price fluctuations. Gold is not just an investment means. But it is also an important part of our traditions and festivals. Especially during weddings and festivals its demand increases.
| City name | 22 carat gold price (₹) | 24 carat gold price (₹) |
| Ahmedabad | 9031 | 9851 |
| Mumbai | 9016 | 9836 |
| Chennai | 9016 | 9836 |
| Calcutta | 9016 | 9836 |
| Delhi | 9031 | 9851 |
How and why do gold prices change in India?
There is also a purchase and sale by central banks worldwide. Nowadays, the central bank of every country does not have complete storage capacity. Whenever this happens, gold prices fluctuate rapidly. In short, this demand comes from the country’s central banks. When the demand exceeds the expectation, gold prices are increased by the central banks. This has been seen many times and these prices increase to a great extent.
The post gold price today: Gold at record break level, first appeared on 1 lakh appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
