Business News Desk – Gold has become cheaper today before Dhanteras. Gold has fallen by Rs 200. The price of 24 carat gold is around Rs 80,300 in major cities of North India including Delhi, Noida, Ghaziabad, Lucknow and Jaipur. At the same time, the price of 22 carat gold is at the level of Rs 73,400. Whereas, silver is at Rs 97,900. Know here whether gold will become cheaper by Diwali?
Why is gold near its highest level
Several other factors such as seasonal demand in India and geopolitical risks from the West Asia conflict are clearly visible. In July, there was a sharp fall of seven percent in the prices of gold and silver in the local markets after the government cut the customs duty on gold and other metals. Now due to festival and wedding season the demand has started increasing.
Today’s gold prices across the country:
Gold prices in Delhi, Noida, Ghaziabad, Lucknow, Jaipur
24 carat: ₹80,430 per 10 grams
22 carat: ₹73,740 per 10 grams
Gold rates in Patna and Ahmedabad
24 carat: ₹80,330 per 10 grams
22 carat: ₹73,640 per 10 grams
Gold rates in Bhubaneswar, Mumbai, Kolkata
24 carat: ₹80,280 per 10 grams
22 carat: ₹73,590 per 10 grams
How is the price of gold determined?
Gold prices across the country depend on many factors, including the condition of gold in the international market and currency exchange rates. When gold prices increase in the global market, it impacts the Indian market as well. Apart from this, gold prices also rise due to increase in demand during the festive season.
