Bad news for gold lovers: gold rate rise

Indian culture is incomplete without Gold Jewellery. Gold Jewellery is used in all of the festivals, function and rituals in Indian culture.The possession of gold gives a feeling of happiness and satisfaction to many consumers. Belk argues about the role of Materialism in goods consumption. Gold is also a premium commodity and its consumption can be seen as a result of need for possession for building Self identity. Bad news for gold lovers: gold rate rise.

The Value addition to gold means the difference in the output value and input value of the raw material. For Gold Jewellery it consists of five major phase: Raw Materials, Refining, Manufacturing, Retailing and Consumer Behaviour. Bad news for gold lovers: gold rate rise.

Gold price (gold rate) in India fell by Rs 650 after 3 days has risen. 1,400 in silver price (silver price) today too risen. If you are also thinking of buying gold what is the current price of gold in major cities of India? Here is the information.

Gold prices in India rise again today. 22 carat gold price was Rs 45,800 yesterday. Rs.46,400  Similarly, the price of 24 carat gold is Rs 49,970. Rs.50,620   International trend in gold price fluctuation, import duty on gold and dollar against rupees value becomes critical.

According to Good Returns, today’s price of 22 carat gold in major cities including Bangalore, Chennai, Hyderabad is as follows. Chennai-Rs.46,800  Mumbai- Rs 46,400, Delhi- Rs 45,550, Kolkata- Rs 46,400, Bangalore- Rs 46,450, Hyderabad- Rs 46,400, Kerala- Rs 46,400, Pune- Rs 46,430, Mangalore- Rs 46,450, Mysore- Rs 46,450.

So, today’s price of 24 carat gold is as follows: Chennai- Rs 51,050, Mumbai- Rs 50,620, Delhi- Rs 50,780, Kolkata- Rs 50,620, Bangalore- Rs 50,670, Hyderabad- Rs 50,620, Kerala- Rs 50,620, Pune- Rs 50,650, Mangalore – Rs 50,670, Mysore- Rs 50,670.

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Today’s Silver Rate: Silver rate today is Rs 1,400. There is an increase. Yesterday, 1 kg silver price was Rs 55,000. Today it is Rs 56,400. is If we look at the silver price of major cities in India, Bangalore- Rs.56,400, Mysore- Rs 56,400, Mangalore- Rs.56,400, Mumbai- Rs 56,400, Chennai- Rs 61,500, Delhi- Rs 56,400, Hyderabad- Rs 61,500, Kolkata- Rs 56,400.