Gold prices today: 24-carat gold crosses ₹87,000 amid wedding season demand
Today, there has been a tremendous rise in the prices of gold in the Indian bullion market. Gold crossed Rs 87,000 per 10 grams. This jump in the prices of precious metals is being seen due to the wedding season and increasing demand in the international market.
According to the India Bullion and Jewelers Association (IBJA)- 24-carat gold: ₹ 87,630 per 10 grams 22-carat gold: ₹ 80,340 per 10 grams
Experts believe that the prices of gold have increased due to fluctuations in the US dollar, increasing demand in the global market and the wedding season at the domestic level.
Today's gold price in different cities (₹/10 grams)-
Delhi:
24 Carat: ₹87,640
22 Carat: ₹80,350
Mumbai:
24 Carat : ₹87,490
22 Carat: ₹80,200
Chennai:
24 Carat: ₹87,490
22 Carat: ₹80,200
Kolkata:
24 Carat: ₹88,023
22 Carat: ₹80,629
According to experts, this fall in gold prices may be temporary. If you want to buy gold for long-term investment, this could be a good opportunity. However, there is a possibility of further decline in prices, so keep an eye on the market situation before buying. The ongoing rise in gold and silver prices has increased the interest of investors, but a sudden increase in prices may affect the jewelry market. If you are planning a purchase, keep an eye on the prices and invest only after understanding the market conditions.
