Gold prices in India keep showing some new color every day. Sometimes the US dollar spoils the mood, and sometimes the game of demand-push supply of gold goes on across the world. Today i.e. Wednesday, December 17, there has been a slight decline in the price of gold. The decline is very small, but the good thing is that there is no major uproar in the market right now. Meaning there is still opportunity for marriage and investment!
Gold prices became a little cheaper today
Today 24 carat pure gold is trading at around Rs 1,33,850 per 10 grams. 22 carat gold is being sold around Rs 1,22,690 per 10 grams and 18 carat gold is selling around Rs 1,00,380 per 10 grams. There has been a slight decline of only Rs 1 per gram as compared to yesterday. That means this is not a big crash, just daily ups and downs. Relief news for those who were thinking that prices would skyrocket!
What are the latest rates in big cities?
Gold prices are almost the same in most of the big cities of the country, there is only a slight difference. The most expensive gold is being sold in Chennai – 24 carat Rs 1,34,720 per 10 grams! In Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune, 24 carat gold is around Rs 1,33,850 per 10 grams. Slightly higher in Delhi – around Rs 1,34,000 per 10 grams. Almost the same rate in Ahmedabad and Vadodara – around Rs 1,33,900 per 10 grams.
What is the mood of silver?
Along with gold, silver also remains a favorite of investors. There is not even the slightest uncertainty in the market that people rush towards silver. Today there was no significant rise or fall in the price of silver, but it remained at a high level. That means demand is strong, prices are still bright!
If you are going to invest then remember these things
In India, as the wedding and festival season approaches, the purchase of gold automatically increases. Demand for jewelery supports prices. If you are planning to buy gold, then keep an eye not only on today’s rate but also on the long term trend. Apart from physical gold, there are also options like gold ETF and sovereign gold bonds, which are more secure and also give tax benefits. Be a smart investor, don’t be hasty!
-
Bareilly violence: Three more chargesheets filed against Tauqeer Raza
-
IndiGo crisis: Delhi HC junks PIL seeking increased compensation to passengers
-
Hyderabad activists file complaints against Bihar CM Nitish Kumar over niqab row
-
Karnataka Congress protest over MGNREGA row, ‘hate politics’ in National Herald case
-
Rupee recovers 55 paise from all-time low level to close at 90.38 against US dollar
