Latest rate of gold and silver
As soon as the festive season starts, there has been a tremendous jump in gold and silver prices. Today i.e. on September 30, gold prices across India increased by Rs 1,400 in a single day, which has created a stir among buyers and investors. At the same time, silver has also made a new record by jumping a jump of Rs 1,000, surprising the market.
People are already turning to precious metals as soon as they get closer to special occasions like weddings and Dhanteras and now this fast can affect them further. Let us know what are the latest rates of your city today…
Gold latest rate in major cities today
Silver condition
Talking about silver prices, today he also touched the record level and recorded a precious rate of about Rs 1,51,000 per kg. On Monday, silver prices in Delhi rose by Rs 7,000 to Rs 1.5 lakh per kg of life time high. The special thing is that in the country’s capital Delhi, there was an increase in silver prices for the fourth consecutive day.
Main factor affecting gold and silver prices in India
Gold and silver prices are fixed in markets around the world. When global investors feel volatility or economic uncertainty, they increase investment in these metals, leading to prices. When there is an atmosphere of boom in the market, investors are afraid to buy now. Such a feeling itself leads the prices.
Gold is mostly imported in India and sells in dollars in the international market. If the rupee becomes weak compared to the dollar, then gold and silver become expensive in India. Apart from this, the policy fee on the government, GST, transportation costs, and margin of local traders also add to the total price. Their increase increases retail rates. At the same time, gold is not only investment in India, but also a ritual. Demand increases on occasions like festivals, weddings, Varmala etc., which creates pressure on prices.