Gold Price TodayImage Credit Source: File Photo
Gold-Silver Pries Today: Today there has been a slight decline in gold prices in Indian markets, while silver has seen a rise. On Wednesday (10 September) morning gold was seen trading with a decline in domestic futures (MCX). Gold’s 3 October contract fell 0.24% to Rs 1,08,775 per 10 grams. During this time, Gold’s Intrade High was Rs 1,09,016 and Low Rs 1,08,668.
But the silver trend remained upside down silver 5 December contract rose 0.45% to Rs 1,25,020 per kg, which shows a jump of Rs 559. At the same time, Silver’s Intrade High ₹ 1,25,050 and Low ₹ 1,24,799.
Gold rate in various cities today
Causes of rise in gold prices
Globally, the decisions of economic conditions and interest rates in the United States are playing big roles in fixing gold prices. The dollar is weakening, due to which American banks and investors are considering gold as a safe option. For this reason, there has been a huge increase in gold prices and historical records are being made.
Keep these things in mind before buying gold
Gold prices in India have steadily increased. In a few days, it has climbed thousands of rupees. Of course, if you want to buy gold, then it is better to understand that this market is made up of ups and downs. Today, if gold looks cheap, then tomorrow it can be expensive again. Therefore, it is very important to keep your budget, need and market trend in mind before investing at high prices.
How is the price of gold fixed?
The price of gold in India depends on many things. For example, in the international market, the price of gold, import duty, tax and rupee against the dollar are the most important factors. Apart from this, the demand for gold in India also affects its prices, especially during marriage, festival. Gold is not only a jewel in India, but it is also considered an important means of savings and investment.