These days, the effect of the tariff fight between the US and China is clearly visible on the prices of gold. Last week, gold broke all records in the futures market and the price crossed Rs 1 lakh per 10 grams, although there was a decline later. Even today, there is a slight ups and downs in gold ka bhav.
Talking about Uttar Pradesh, light softening or stability is being seen here in the price of gold here. Let’s know what the latest gold rates are in the major cities of UP today:
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24 carat gold (99.9% pure): ₹ 92,980 per 10 grams
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22 carat gold (for jewelery): ₹ 88,550 per 10 grams
Bhavas in major cities of UP (Lucknow, Kanpur, Varanasi, Noida, Ghaziabad):
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22 carat gold: ₹ 88,550 per 10 grams
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24 carat gold: ₹ 92,980 per 10 grams
Important thing: Keep in mind that these gold prices are symbolic. There may be a slight difference in prices according to your city and jeweler. Making charge of jewelry is also charged separately. Therefore, before buying gold, you must confirm the rate at your local shop.
Why is there so much upheaval in the price of gold?
The season of weddings is on the head and the gold prices are getting rapid fluctuations. Experts say that factors like trade war running in the international market are up and down.
However, a relief for buyers is that the domestic bullion market (from where you buy gold directly) are also falling down prices, while in the futures market, prices are faster. There is a lot of movement about gold in foreign markets too. Experts believe that this uncertainty in the market may remain some more time.
So, if you are going to buy gold, keep an eye on the market and shop for the right opportunity!
