Indians have long had a particular place in their hearts for gold. The value of gold never goes down, whether it is used for investments, marriages, or festivities. However, everyone’s attention is drawn to the daily changes in its Gold Price. The Gold Price has dropped today, August 12, compared to yesterday, which has undoubtedly provided some respite for buyers. Tell us about the current national prices for 18, 22, and 24 carat gold as well as the factors that have affected them.
Latest rate of 24 carat gold today
The purest gold today rate, 24 carat gold, is typically bought for financial purposes. 24 carat gold rate is currently selling at ₹10,140 per gram in India, which is ₹88 less than it was yesterday at ₹10,228. This indicates a ₹ 880 decrease in the price of 10 grams of gold. For investors, particularly those who have been holding out for a long time for prices to stabilize, this decline may potentially present an opportunity.
gold rate 22 carat Fall
Jewelry is the primary usage for 22 carat. Its price is ₹ 9,295 per gram today, ₹ 80 less than it was yesterday. The current price for 10 grams of gold is 92,950, whereas yesterday it was 93,750. Although it is expected to rise once more throughout the holiday season, this tiny decline has undoubtedly provided some respite to jewelry buyers.
18 carat gold prices fall
The current price of 18 carat gold, which is frequently used in lightweight and stylish jewelry, is ₹ 7,605 per gram. In comparison to yesterday, it has decreased by ₹66. The price of 10 grams of 18 carat gold is ₹76,050 today, which is less than the price of ₹76,710 the day before. For those who are considering purchasing exquisite jewelry on a budget, now can be the ideal moment.
Gold rate in major cities of the country
There is currently a minor variation in the price of gold rate india in the nation’s largest cities. The price of 24 carat gold is ₹ 10,140 per gramme in Chennai, Mumbai, Kolkata, Bengaluru, and Hyderabad, and ₹ 10,155 per gramme in Delhi. 24 carats costs ₹10,145 per gram in Ahmedabad and Vadodara. In the same proportion, the prices of 18 and 22 carat gold have also fluctuated slightly in other places.
Reasons behind the fall in gold prices
Currency exchange rates, global market movements, and economic uncertainties all have an impact on gold prices. Trump’s tariff measures in the US and concerns about a slowdown in the global economy have caused gold rates to fluctuate more recently. The domestic market’s supply and demand also influence gold prices at the same time. While today’s dip is good news for purchasers, it can also present a chance for investors.
Disclaimer: The gold prices given in this article are for information purposes only. There may be a slight difference in rates in different cities and shops. Before buying, please confirm the latest rates from your nearest jeweler.
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