Gold-Silver Price Today: Amidst the hustle and bustle of festivals, gold has touched a new record this year. Amidst the expectations of Diwali and Dhanteras, pressure in international markets and presence of investors have pushed gold to higher heights and the different rates according to purity in India have also left an impact on people’s pockets.
Today, 24 carat gold has reached the level of Rs 1,32,770 per 10 grams, while the price of 22 carat gold is trading at Rs 1,21,700. Last year on the same occasion, these rates were around Rs 80,610 respectively, due to which the annual increase this year has been around 68%.
Price of 10 grams of gold today in some major cities
condition of silver
A decline was seen in the prices of silver on Friday. On October 17, silver prices reached Rs 1,85,000 per kg. That means today a fall of Rs 4000 has been seen in the market.
Why does gold shine so brightly?
Experts believe that gold and silver are the first choice of investors these days amid economic and geopolitical instabilities. Economic uncertainty, inflation and changes in policies around the world have made gold a ‘safe haven’ asset. At the same time, on occasions like Dhanteras and Diwali, the demand for gold naturally increases, due to which there was an increase in its prices. Apart from this, international gold prices and currency rates have a direct impact on domestic prices. Let us tell you that there is difference in prices from city to city due to making charges, transportation and taxes.