Today, the price of 24 carat gold has been recorded at ₹ 9,850 per gram, 22 carat gold priced ₹ 9,030 per gram and 18 carat gold is recorded at ₹ 7,389 per gram. Gold and silver prices are rising. The impact of weak dollar and tariff tension is being felt on the market. This is the reason that gold prices are increasing continuously. Also, due to the possibility of recession, the rapid trend in gold is expected to continue. Brokerage firm Goldman Sachs has released its forecast for gold by the end of 2025.
What is the price of gold per gram in metro cities today?
| City name | 22 carat gold price | 24 carat gold price |
| Ahmedabad | ₹ 9,020 | ₹ 9,840 |
| Mumbai | ₹ 9,015 | ₹ 9,835 |
| Chennai | ₹ 9,015 | ₹ 9,835 |
| Kolkata | ₹ 9,015 | ₹ 9,835 |
| Delhi | ₹ 9,030 | ₹ 9,850 |
Due to fall in gold prices
Gold prices have started fluctuating due to increasing trade tension and tariffs between the US and China. Gold is also trading around its highest level due to gold being expensive again in the international market. Now he is working on a series. Many experts believe that if gold falls, it can reach Rs 75,000 in 6 months. If there is any ups and downs in gold due to the international tariff war, then the price of gold can go up to Rs 1,38,000.
How is the price of gold determined?
Gold prices in India vary due to many reasons, such as international market prices, government tax and rupee 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.
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.
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