TODAY GOLD PRICE: Gold Price Increases because of Navratri, Know Price!

TODAY GOLD PRICE : Investing in gold in India is considered a very good and safe option, so most of the people in India invest their money in gold. But before investing our money in anything, we need to get complete information about it. So in today’s article you will know Today Gold Price, what is the gold price in major cities of India? So, if you are also planning to invest in gold, you can get complete information about it.

If you don’t have the right information about gold price, you can also incur losses while buying gold, so read this article till the end because gold price in India is increasing day by day, so you must have the right information about the gold price. Sometimes gold is cheap in the country, sometimes expensive, when gold is cheap; there is a wave of happiness among the people.

In this article, you will get updates on what is happening on the gold price every day. What Is The Today Gold Price in India has also been updated.

In India, 18k, 22k and 24k gold is available, 22k gold is up to 91% pure and the remaining 9% is mixed with copper and zinc. At the same time, 24 carat gold has a purity of 99.9%, 24 carat gold is also more expensive.

Today 18 carat Gold Price

Today 24 October 2023, the price of 18 carat gold in New Delhi, India stands at Rs 44,475 (per 10 grams).

Today Gold price in 22 carats

Today 24 October 2023, the price of 22 carat gold in New Delhi, India stands at Rs 56,100 (per 10 grams).

Today’s 24 Carat Gold Price

In India today 24 October 2023,the price of 24 carat gold stands at Rs 61,750 (per 10 grams).

What is the price of gold in your city?

Today 24 October 2023,, the price of 24 carat and 22 carat gold continues in major cities of India.

Gold prices in other countries

The demand for gold in other countries is found in many countries other than India, so below we have seen what is the price of today 24 October 2023, gold in other countries? It’s written about him.

How is the price of gold evolving in India?

Gold is a financial asset whose price keeps changing, sometimes the price of gold decreases and sometimes its price increases. Let us also tell you that gold is considered a very good investment option in India as well as all over the world, due to which its demand is all over the world. The biggest contributor in deciding the price of gold is its demand, but apart from demand, there are many other things due to which the price of gold is fixed.

When there is less supply and more demand for gold, its prices rise, similarly, if the demand decreases and the supply is high, then its prices fall. For example, we all know that the demand for gold increases during the festival and wedding season in India and at the same time gold prices increase the most.

Apart from demand, other reasons for the rise in gold prices are discussed below.

1. Costliness / Inflation: Whenever inflation increases in a country, the value of that country’s currency decreases, making people prefer to keep their money in gold. In such a situation, the price of gold increases.
2. Interest rate: Whenever the interest rate on an investment is increased by banks, people invest their money in the bank to get more interest by selling their gold. In such a situation, the price of gold falls and when the interest is reduced by the bank, people invest in more gold.
3. Reserve Account: The governments of each country have a reserve, in which gold has a very large interest. If a government sells gold from this reserve and its demand increases, then the price of gold increases. However, at present, the Indian government has maintained its gold reserves at the right limit.

So here are some of the main reasons why gold prices fall and rise.

How to buy gold?

In today’s modern times it is very easy to buy gold, if you want to buy physical gold you can easily buy gold by going to any gold store. Goldsmith near you.

Apart from this, if you want to buy digital gold, there are many platforms for this such as Zerodha and Grow. If you want to keep gold with you, you only buy gold by going to the gold store.

Also read :

• Gold Price Today: Thinking about making money by investing in gold? Is this the right time to buy gold?
• Attero: Rs 300 Crore Company Turn Garbage Into Gold

You will find physical gold in the form of gold coins, gold bars, gold jewelry, and if you buy gold in the gold store, definitely take its gold certificate with you .

FAQ’s