Gold prices in Uttar Pradesh cities have been seeing a tremendous rise in the last few days. Gold prices are continuously making records due to the ongoing business tension between the US and China. This is directly affecting the local bullion markets. Due to increase in prices, customers are hesitant to buy gold, which has caused silence in the markets.
Gold price crossed one lakh rupees
In this season of weddings, gold prices have reached above Rs 1 lakh per 10 grams. This has made it difficult to buy jewelry for common customers and especially the middle class.
Today’s gold price in major cities:
Lucknow
- 24 carat: ₹ 100,421 per 10 grams
- 22 carat: ₹ 92,514 per 10 grams
- 18 carat: ₹ 75,694 per 10 grams
Agra
- 24 carat: ₹ 98,500 per 10 grams
- 22 carat: ₹ 90,000 per 10 grams
Kanpur
- 24 carat: ₹ 98,500 per 10 grams (₹ 9,850 per gram)
- 22 carat: ₹ 90,300 per 10 grams
₹ 23,838 lead in 112 days
In the first 112 days of this year, the price of 10 grams 24 carat gold has increased from ₹ 76,162 to ₹ 1,00,000. Overall, an increase of ₹ 23,838 has been recorded so far.
Information of experts
According to experts, gold prices will continue to rise and ups and downs until the trade war between the US and China is over. However, there has been some fall in prices in the domestic bullion market, which is news of relief for buyers. At the same time, there is a rise in prices in futures market and foreign markets.
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