Saturday saw a slight decline in gold prices. The price of 24 carat gold in India is Rs 9038.3 per gram. Which indicates a decrease of Rs 460.0. The price of 22 carat gold in India is Rs 8286.3 per gram. Which indicates a lack of Rs 420.0. Last week, 24 carat gold prices fluctuated at -0.86%. Whereas last month this change was -2.65%. The current price of silver in India is ₹ 106000.0 per kg. Which indicates a deficiency of ₹ 2300.0 per kilogram.
What is the price of gold per gram in metro cities today?
| City name | 22 carat gold price | 24 carat gold price |
| Ahmedabad | ₹ 8,235 | ₹ 8,988 |
| Delhi | ₹ 8,245 | ₹ 8,998 |
| Mumbai | ₹ 8,978 | ₹ 8,230 |
| Chennai | ₹ 8,230 | ₹ 8,978 |
| Kolkata | ₹ 8,230 | ₹ 8,978 |
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.
