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Today, on August 21, the price of gold has once again registered a rise in the bullion market. There has been an increase of Rs 257 in the prices of gold, after which the price of 10 grams of 24 carat gold has reached Rs 1,61,810. With this latest rise, the price of gold has crossed the psychological level of Rs 1.60 lakh. At the same time, the rate of 22 carat gold in the country has been recorded at Rs 1,48,220 per 10 grams. Let us tell you that last day also an increase of Rs 134 was seen in the price of gold and it closed at Rs 1,59,240. If you are also thinking of buying gold jewelery or investing in it, then let us know what were the rates in the major cities of the country today.

Gold price today in big cities of the country

country's capital Delhi In India, the price of 24 carat gold remained at Rs 1,61,810 per 10 grams, while the price of 22 carat gold was recorded at Rs 1,48,220 per 10 grams.

capital of bihar Patna In May also, 24 carat gold remained at the level of Rs 1,61,810 per 10 grams. Here today an increase of Rs 257 has been seen in prices. In Patna, the price of 22 carat gold today was Rs 1,48,200 per 10 grams.

country's financial capital Mumbai In 2017, the price of 24 carat gold was recorded at Rs 1,58,450 per 10 grams, where a slight increase of Rs 40 was seen. The rate of 22 carat gold in Mumbai today was Rs 1,48,230.

of Uttar Pradesh Lucknow Gold's attitude seemed quite strict. Here the price of 24 carat gold increased by Rs 242 to Rs 1,61,900 per 10 grams. Whereas in Lucknow, the price of 22 carat gold was Rs 1,48,560 per 10 grams.

Why are gold prices increasing so much?

The biggest reasons behind this recent rise in gold prices are believed to be the strength in the US market, weakness in the dollar and fluctuations in US treasury bond yields. Due to the fall in the dollar index, it became cheaper for investors holding other currencies to buy gold, due to which its demand increased rapidly in the international market. Apart from this, the US Treasury's decision to increase long-term bond buyback also initially brought down the yields, which directly benefited gold prices.

The second major reason for the rise in prices is the uncertainty regarding interest rates in America. Minutes of the Federal Reserve's July meeting indicate that if inflation pressures remain high, some officials may be in favor of raising interest rates again. Amidst such dilemma regarding interest rates, investors always turn to gold as a safe haven. Additionally, America's total debt has crossed $40 trillion, raising concerns in the global financial markets.

Along with this, increasing tensions between the US and Iran and deep geopolitical uncertainty in the Middle East are also continuously supporting gold prices. History is witness to the fact that whenever there is a threat of war or tension in the world, investors shift their money from risky assets like the stock market to safe havens like gold. This is the reason why gold prices are continuously making new records on the basis of global tension and strong signals.