Today, on Saturday 28th December 2024, gold has become expensive. The prices of 24 carat and 22 carat gold have increased by Rs 300. In most cities of the country, the price of 24 carat gold is trading around Rs 78,000. The price of 22 carat gold is around Rs 71,600. Check what is the price of gold in your city.
Rate of one kilogram silver on 28th December
One kilogram of silver is trading at Rs 92,500 in the country. Yesterday the price of Chandra was Rs 91,600. There has been an increase of 900.
price of gold in bullion market
A strong rise in the prices of gold and silver was seen in the bullion market of the national capital Delhi on Friday. Gold price Rs. 350 to Rs. Whereas the price of silver is Rs 79,200 per 10 grams. It increased to Rs 900. 91,700 per kg. Silver during the week totaled Rs. An increase of Rs 3,550 per kg was made. In global markets, gold futures on Comex fell by $ 13.70 to $ 2,640.20 an ounce. While silver futures fell 0.74 percent and closed at $ 30.17 an ounce.
Why is gold becoming expensive at the end of the year?
According to traders, continuous buying and selling by jewellers, weak rupee and global tensions like Russia-Ukraine war and conflict in West Asia have boosted the demand for gold. The devaluation of the rupee has also increased the demand for safe-haven assets. Experts say that the possibility of major policy changes in the new year and the strength of the dollar may impact the market.
How is the price of gold decided?
Gold prices are influenced by domestic demand, US economic conditions, Federal Reserve interest rates and international markets. In such a situation, the price of gold is expected to increase in the near future.
