In the domestic futures market, gold prices rose in early trade on Wednesday morning.
The price of gold has been softening for the past several days. On Wednesday as well, a slight change in the price of gold is being seen. Today, the price of gold in Delhi is ₹ 67,300 per 10 grams for 22-carat gold and ₹ 73,400 per 10 grams for 24-carat gold (also known as 999 gold). According to Good Returns, the price of 22-carat gold has increased by Rs 380 per 10 grams today compared to the last session. The price of 24-carat gold has increased by Rs 410 per 10 grams today.
Some upward trend since the beginning of the year
According to the news, similarly, the price of 18 carat gold in Delhi is ₹ 55,070 per 10 grams. It has increased by Rs 320 per 10 grams compared to the last session. The price of gold in Delhi has been seeing some increase since the beginning of the year. The reason behind this was the fall in the equity markets at the beginning of the year, due to which investors started investing in safe assets like gold. In the last few years, this precious metal may not have been the first choice of people, as the prices have remained in a limited range. Due to the fall in equity prices at the beginning of the year, people’s attraction towards gold as an investment increased.
What is the price in these cities today (per 10 grams)
city 22 carat 24 carat
Mumbai ₹67,150 ₹73,250
Kolkata ₹67,150 ₹73,250
Chennai ₹67,150 ₹73,250
Bengaluru ₹67,150 ₹73,250
Noida ₹67,300 ₹73,400
Rise in futures market
Gold prices rose in early trade on Wednesday morning in the domestic futures market as investors await the US Consumer Price Index (CPI) data for the month of August due today. Gold prices are also on the rise in the international markets. Because the dollar index, which measures the US currency against six major global currencies, has weakened. Gold is priced in dollars, so weakness in the US currency makes it cheaper in other currencies, increasing its demand.
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