Gold Price Today: The price of gold in India fluctuates every day. Everyone seems very upset about the rising cost of gold. Sometimes, the price of gold touches the sky, while other times, it gets cheaper. Gold buyers and sellers always keep an eye on its price.
At present, the rate of gold in India is above Rs 85 thousand. In such a situation, do you know when gold will be expensive and when it can be cheap? Who decides the rate of gold? Let us tell you about it in detail:-
Gold rates: The Bullion and bullion markets are two places where the business of gold and silver is conducted. Ordinary people buy gold from the bullion market, while gold traders do business in the bullion market through the futures market.
Future market means the price fixed at the time of the deal of a financial product in the futures market. It is bought and sold for delivery at the same price on a future date. There is also a multicommodity exchange in India, which decides the price of gold by collecting data on the demand and supply of gold in the country’s market. Gold rates also increase and decrease due to supply and demand. Especially during the festival and wedding season, gold prices start rising suddenly.
What is the rate of gold today?
There has been a decline in the rate of gold today, i.e. on the evening of February 11, 2025. In the morning, 999 purity gold was Rs 85903 per 10 grams. Whereas, after decreasing in the evening, the rate of gold has become Rs 85481 per 10 grams. According to the official website ibjarates.com, 995 purity gold is Rs 85139 per 10 grams today. At the same time, the cost of 916 (22 carat) purity gold is Rs 78301 per 10 grams.
Apart from this, the rate of 750 (18 carat) purity gold is Rs 64111 per 10 grams. At the same time, the price of 585 (14 carat) purity gold is Rs 50006 per 10 grams. At the same time, the price of silver is Rs 94170.