Priyanka Tiwari
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The current gold market experienced a minimal price surge compared to yesterday's rates on February 6. Prices for 24 carat gold in India rose to Rs 8,651 per gram during the day on Wednesday showing an increase of Rs 25 from the previous value while the costs of 22 carat gold reached Rs 7,930 per gram showing an increase of Rs 27 from the prior day.
The precious metal recorded its highest trading price ever during the previous trading day on Wednesday because investors withdrew from the dollar exchange while the Indian currency weakened. Specialists predict an increasing trend in the gold rate because of geopolitical trade tensions and reduced US dollar values.
Gold prices in major cities:
The price of ten grams of 24 carat gold reached Rs 86,660 in Delhi whereas twenty two carat gold equaled Rs 79,450 for ten grams.
The 24 carat gold price reached Rs 86,510 per 10 grams but 22 carat gold traded at Rs 79,300 per 10 grams in Mumbai markets.
The dimension for 24 carat gold in Chennai amounted to Rs 86,510 per 10 grams while 22 carat gold sold for Rs 79,300 per 10 grams.
In Kolkata the cost of 24 carat gold reached Rs 86,510 per 10 grams while 22 carat gold priced at Rs 79,300 per 10 grams.
The price of 24 carat gold in Jaipur amounted to Rs 86,660 for each 10 grams.
The current market value for 24 carat gold in Lucknow amounts to Rs 86,660 per 10 grams.
According to the market in Chandigarh the current value of 24 carat gold reached Rs 86,660 per 10 grams.
The following elements determine the price levels of gold in the Indian market:
The factors determining gold prices in India consist of international market rates together with Rupee's relation to the US Dollar and market equilibrium and customer behavior along with interest rate movements and Government regulations and import taxes and worldwide economic states and consumer and commercial use of gold products.
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