Gold price Today:- There is a continuous rise in the price of gold and silver. Today, the price of 10 grams of 24-carat gold is close to 86 thousand. In the past few days, the price of gold was above 86 thousand rupees. Talking about silver, the price of 1 kg of silver is more than 96 thousand rupees today. The price of gold and silver is changing every day. The rate of gold is seen increasing very fast.
If you are considering buying gold and silver, you should know the rate of gold before that. The price of gold has once again seen a jump this evening. The price of gold of 999 purity at the national level is Rs 86092 per 10 grams. Meanwhile, silver with 999 purity is Rs 97147 per kg. So let’s take a look at the rate of 22, 18-carat gold:-
What is the rate of gold today?
According to the official website ibjarates.com, 995 purity gold is Rs 85747 per 10 grams today. At the same time, the price of 916 (22 carat) purity gold is Rs 78860 per 10 grams. The 750 (18 carat) purity gold rate is Rs 64569 per 10 grams. At the same time, the price of 585 (14 carat) purity gold is Rs 50364 per 10 grams. Meanwhile, the price of 999 purity silver is Rs 97147 per kg.
Why are gold prices increasing?
The price of gold has broken all its old records. Since the past week, a constant increase in the price of gold has been seen.
1. Ever since Donald Trump became the President of America, geo-political tensions have increased, due to which the demand for gold is changing very rapidly.
2. The rupee is weakening against the dollar, so gold is getting expensive.
3. Due to rising inflation, gold prices are getting stronger.
There was a fall on the day of the last budget.
The price of gold saw a fall only after an announcement made by the Finance Minister regarding the full budget of the last financial year. While presenting her budget speech, Nirmala Sitharaman announced the reduction of the custom duty on gold and reduced it from 15 per cent to 6 per cent. Gold had become cheaper by Rs 4000 per 10 grams.
Know the difference between 22 and 24 carat?
24 carat gold is 99.9% pure, and 22 carat is about 91 percent pure. Jewellery is made by mixing 9% other metals like copper, silver, and zinc in 22-carat gold. Jewellery is not made of 24-carat gold.