Gold Silver Rate Today News | If you are thinking of investing in gold on the first day of the month, this news is for you, today is the time to buy gold, as the price of gold has fallen. Silver prices are also under control.
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Gold Silver Rate Today | Gold and silver fell in the world market. Its impact was seen on the Indian market. Gold and silver prices fell. in the futures market MCX Gold prices today fell 0.4% to a two-month low of ₹50,200 per 10 grams, while silver fell to a one-year low of ₹52,395 per kg. The dollar index has strengthened in the global market. As a result, gold has fallen to a six-week low. The dollar index rose 0.29% to 108.983. American Federal Bank (American Federal Bank) The dollar will raise interest rates again (Dollars) getting stronger But its opposite effect is seen on gold. In the price of gold and silver (Gold Silver Price Today News) The decline was seen on the first day of the month itself. On August 31, the price of 22 carat 10 gram gold rose to Rs 47,000. While 10 grams of 24 carat gold was priced at Rs 51,270. Today, the price of 22 carat 10 gram gold is Rs 46,500. 10 grams of 24 carat gold is priced at Rs 50,730. Although the price of silver has increased, silver prices are still under control. Today’s price of silver is Rs 51,600 per kg.
Pressure on gold prices
The US Federal Bank will raise interest rates to curb inflation. The bank has given such indications. The American dollar has become stronger. Due to this, the pressure on the price of gold has increased. The US dollar index has reached a two-decade high. Its effect is being seen on the global bullion market. Central banks around the world are scrambling to curb inflation. A major agenda of interest rate hike is being implemented to reduce inflation.
Prices in four cities of the state
According to the Good Returns website, the price of 22 carat gold in Mumbai is Rs 46,500 per 10 grams. 50,730 per 10 grams of 24 carat gold in Mumbai. 46,530 per 10 grams of 22 carat gold in Pune. Whereas the price of 24 carat gold is Rs 50,760. In Nagpur, the price of 22 carat gold is Rs 46,530 per 10 grams and the price of 24 carat gold is Rs 50,760. 22 carat gold price in Nashik is Rs 46,530 while 24 carat gold price is Rs 50,760 per 10 grams. Today’s price of silver is Rs 516 per 10 grams. Gold jewelery prices vary across India due to excise duties, state taxes and making charges.
What is the difference between 24, 22, 21, 18 and 14 carats?
24 carat gold is called pure gold. It does not mix any other type of metal. It is called gold of 99.9 percent purity. 22 carat gold contains 91.67 percent pure gold. Another 8.33 percent contains other metals. Also, 21 carat gold contains 87.5 percent pure gold. 18 karat contains 75 percent pure gold and 14 karat gold contains 58.5 percent pure gold. The price of gold also varies depending on the type of gold. Also, the local tax is also included and the customer has to pay the amount according to the price.