Gold Price Today
Gold-Silver Price Today: On the second day of Navratri, there is a steady rise in the prices of gold and silver across the country. As soon as the festive season starts, the demand for precious metals has increased, which has directly affected the market. On Tuesday i.e. 23 September, there has been an increase of up to Rs 100 in the price of gold. At the same time, silver prices are also touching the sky.
At this time in big cities of North India like Delhi, Lucknow, Jaipur, Noida and Ghaziabad 24 carat pure gold rate It is close to Rs 1,13,200 per 10 grams. At the same time, the same price is being seen in metro cities like Mumbai and Kolkata. Talking about silver, its price has reached Rs 1,38,100 per kg, which is much higher than the previous months.
Fresh gold rate in major cities of the country
Why is the price of gold and silver increasing?
Gold and silver The biggest reason for this boom in the price of this is the change in the international market. People prefer to invest in gold amidst stress at the globus level because gold and silver are considered as a safe option in such circumstances. The second major reason is continuous purchase of gold by investors and central banks around the world. Investment in Gold is increasing in exchange traded funds (ETF) and central banks of many countries are increasing their gold reserve. This has increased demand in the market and prices are going up rapidly. At the same time, the demand for gold increases in the festive season in India, due to which the prices of gold also get a rise.
What to do common investors?
Gold prices often rise during the festive season, and this trend is also clearly visible this time. If you want to buy gold for the purpose of investment, then you should start thinking carefully. At the same time, if you want to take gold for marriage or other necessary shopping, then keep an eye on the market because you can get a better deal if there is a slight decline.