Big fall in the price of gold; Know today's rate of gold Today Gold Rate: The best time to buy gold in India has come. Recently, gold prices have seen a significant drop. Gold prices have fallen by up to Rs 5,000 in many cities across the country. If you want to get jewelry made for a wedding or want to invest in gold, then this can be a great opportunity for you.
What is the reason?
According to experts, there are several reasons for the fall in gold prices. First, the weakening of the rupee against the dollar. Second, the reduction in demand in global markets. Third, the possibility of a cut in interest rates by the US Federal Reserve.
City-wise prices
There can be a slight difference in the price of gold in different cities of the country. Below are the prices of some major cities:
City 22 carat (per 10 gram) 24 carat (per 10 gram) Mumbai ₹66,390 ₹72,430 Delhi ₹66,540 ₹72,580 Ahmedabad ₹66,440 ₹72,560 Kolkata ₹66,440 ₹72,590 Chennai ₹66,540 ₹72,590 Gujarat ₹66,450 ₹72,580 Gurgaon ₹66,540 ₹72,580 Lucknow ₹66,540 ₹72,580 Patna ₹66,440 ₹72,480
How to check gold prices?
Gold prices keep changing constantly. Therefore, if you want to buy gold, it is important to always check the current gold prices in your city. You can download any jewellery app on your mobile, which will give you information about gold prices in each city. Apart from this, you can also get information by visiting any bullion shop.
Gold is a good option for investment
Gold has always been considered a safe investment. It not only protects you from inflation, but also appreciates over time. If you want to hold gold for a long time, this can be a great option. However, it should be kept in mind that gold prices are volatile. Therefore, one should invest only after doing adequate research.
In conclusion, if you are planning to buy gold, then this is the right time. Due to the fall in gold prices, you can make good savings. However, it is also important to be cautious while keeping an eye on the market situation.