Today, the price of 24 carat gold is ₹ 8,955 per gram. The price of 22 carat gold is ₹ 8,210 per gram and the price of 18 carat gold is ₹ 6,718 per gram. So today the price of silver is ₹ 102 per gram and ₹ 1,02,000 per kg. Silver and its jewelery are popular in India as gold and its jewelery. Gold and silver are used in abundance in India.
What is the situation in the gold-silver market?
Silver is a shiny metal, it is very inexpensive than gold. The value of 1 kg silver can be considered equal to 15 grams of gold. Silver in India is mostly used as anklets and rings. Silver is also used in food in India. In India, you can see many sweets adorned with silver work. People also eat sweets adorned with silver work. Gold and silver prices continue to fluctuate. Usually 22 carat gold is used in jewelery. The purity of which is 91.6%. 89 or 90% pure gold is sold as 22 carats. Therefore, whenever you buy jewelery. Then do not forget to check its hallmarking.
What is the price of gold per gram in metro cities today?
| City name | 22 carat gold price | 24 carat gold price |
| Ahmedabad | ₹ 8,189 | ₹ 8,933 |
| Delhi | ₹ 8,943 | ₹ 8,943 |
| Mumbai | ₹ 8,184 | ₹ 8,928 |
| Chennai | ₹ 8,184 | ₹ 8,928 |
| Kolkata | ₹ 8,184 | ₹ 8,928 |
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.
This is the reason for the increase in gold prices.
Cross currency barriers can also affect precious metals. For example, a rapid increase in the dollar may cause a decline in the price of gold. Today, gold prices in India are affected by many factors and there is no one factor that has a major impact. Overall, you can say that many factors are responsible for this.
When to buy gold and when to sell?
If you want to sell it for 30 thousand rupees, then you have to buy it for 27,000 rupees, this will make you profit of about 10 percent. Also keep in mind that many other costs are also associated with buying and selling gold, so your return should be good and profitable. This is the reason that many people do not earn good profits by buying gold due to lack of correct information.
