Gold Rate Down Today: Check latest Rates in Major Cities
One gram of 24 carat gold costs Rs 5,984, while eight grams costs Rs 47,872. One gram of 24 carat gold costs Rs 5,984, while eight grams costs Rs 47,872.
Gold Rate in down today, 22 carat and 24 carat gold price saw a decrease of Rs 20 and Rs 21 respectively on Friday. In Bengaluru, you can buy one gram of 22 carat gold for Rs 5,485. Eight grams are priced at Rs 43,880.
22 carat gold of 10 grams and 100 grams can be bought at Rs 54,850 and Rs 5,48,500 respectively. One gram of 24 carat gold costs Rs 5,984, while eight grams costs Rs 47,872. 10 grams and 100 grams of 24 carat gold will cost Rs 59,840 and Rs 5,98,400 respectively.
One gram of silver is priced at Rs 74, 8 grams at Rs 592 and 10 grams at Rs 740. Consumers have to pay Rs 7,400 for 100 grams and Rs 74,000 for 1 kilogram. The rates given here are exclusive of GST, TCS and other levies.
Today Gold Rate In Major Cities (22 and 24 carat):
Delhi – 55,00 and 59,940
Bangalore – 54,850 and 59,840
Mumbai – 54,850 and 59,840
Chennai- 55,100 and 60,110
These are effected in Gold Price:
Demand and Supply: The price of gold is largely determined by the demand and supply of gold in the market. If the demand for gold increases, the price will also increase. Conversely, if the supply of gold increases, the price will decrease.
Global economic conditions: Global economic conditions also affect gold prices. For example, if the global economy is performing poorly, investors may see gold as a safe investment. This increases the price of gold.
Political instability: Political instability can also affect the price of gold. For example, if there is a political crisis in a major country, investors may buy gold to hedge against uncertainty, driving up the price of gold.
Also Read: Ration Card New Rules: Need This New Document To Get Ration From This Month
Furthermore, the retail gold price in India is the price at which gold is sold to consumers in India. It is determined by several factors, including the global gold price, the Indian rupee, and the cost of labor and materials involved in manufacturing gold jewelry. The retail gold price in India is usually higher than the global gold price, as it includes jewelry and other costs.
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