Gold prices continue to rise. Today, Wednesday, December 11, 2024, the price of gold increased. The price of 10 grams of gold has increased by Rs 1,000. In the country, the price of 22 carat gold is trading around Rs 78,100 and the price of 24 carat gold is trading around Rs 78,700. Know here what was the price of gold today in big cities of the country like Delhi, Mumbai, Patna, Jaipur, Lucknow.
Rate of one kg silver on 11th December
One kilogram of silver is trading at Rs 96,500 in the country. Compared to yesterday, the price of silver has increased by Rs 4500. Silver was trading around Rs 92,000 yesterday.
Why is gold continuously becoming expensive?
Jatin Trivedi, expert at LKP Securities, said the rising tensions between Syria and Turkey and the leadership crisis in South Korea have created a stir in global gold prices. Due to geopolitical tensions, investors are turning towards safe investments. Commodity expert Saumil Gandhi of HDFC Securities said that gold prices have stabilized on the expectation of a positive announcement regarding China’s economic policies. China has announced plans to boost domestic demand and work on new policies. Experts believe that gold and silver prices may continue to fluctuate due to geopolitical and economic events in the coming days.
