Gold price today: How much cheaper did gold become in Uttarayan? Know today’s price

On one hand there is a recession in the stock market. On the other hand, the increase in gold prices has remained unchanged. A rise in gold prices was also seen in early trade on January 14. 10 grams of 24 carat gold is available for Rs 80,080. Accordingly, the price of silver has also increased. Silver is available at Rs 94,600 per kg.

Why are prices rising?

The price of gold has been increasing continuously for the last few days. Experts say that the weakness of the rupee against the dollar and the rise in crude oil prices have led to the rise in gold prices. He says that the price is increasing due to industrial use of silver. Let us tell you that last year the prices of gold and silver created many new records. Experts say that gold will prove to be a profitable investment even in 2025.

Why the difference in price?

Why is the price of gold different in every city, why is the price not the same in all cities? It is natural for such a question to arise. The price of gold depends on many factors and tax is the most important one. Local tax is imposed on gold by state governments. Which varies in different states and cities, due to which its prices vary.

How are prices affected?

Gold prices in the country are influenced not only by supply and demand but also by international activities. Gold prices are also largely influenced by trading activities in major global markets, including the London OTC spot market and the COMEX gold futures market.

Who sets the price?

The worldwide price of gold is set by the London Bullion Market Association (LBMA). It publishes gold prices in US dollars, which serves as a global benchmark for bankers and bullion traders. Whereas in our country the Indian Bullion Jewelers Association (IBJA) adds import duty and other taxes to the international price of gold and decides at what rate the gold will be offered to the retailers.

Gold price in these metros