Gold Rate Today in India: Navratri festival has started across the country. With Navratri, 24 carat gold has crossed the level of Rs 60,000. The increase in the price of gold is also seen due to the demand for gold in the local market and the Israel-Hamas war. Gold prices remained rising in all the cities of the country.
Gold Rate Today in India: Navratri festival has started across the country. With Navratri, 24 carat gold has crossed the level of Rs 60,000. The increase in the price of gold is also seen due to the demand for gold in the local market and the Israel-Hamas war. There was a rise in the price of gold in all the cities of the country. This time an increase of Rs 500 to Rs 1,000 has been seen in the price of 22 carat and 24 carat gold on Monday compared to Friday last week. The rate of 22 carat gold is trading above Rs 55,000 and the rate of 24 carat gold is trading above Rs 60,100. Used to be. The rate of silver is trading at Rs 74,100.
Gold price on 16 October 2023
The price of 22 carat gold in Delhi was Rs 55,250 per 10 grams. For 24 carat, customers will have to pay Rs 60,260 per 10 grams.
Gold rate in Ahmedabad
Talking about other cities of the country, the retail price of 22 carat gold in Ahmedabad, Gujarat is Rs 55,110 and the price of 24 carat gold is Rs 60,160 per 10 grams.
Gold rate in Chennai
In Chennai, 22 carat gold was Rs 55,300 per 10 grams. The retail price of 24 carat gold in Chennai, the capital of Tamil Nadu, is Rs 60,330 per 10 grams.
This was the gold rate in big cities of the country on 16 October 2023
|City||22 Carat Gold Rate||24 Carat Gold Rate|
How are gold prices decided?
The price of gold is largely decided on the basis of demand and supply of gold in the market. If the demand for gold increases, the rate will also increase. If the supply of gold increases, the price will decrease. The price of gold is also affected by global economic conditions. For example, if the international economy is performing poorly, investors will look to gold as a safe investment option. This will increase the price of gold.