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The Indian market can be perplexing even to its most seasoned investors in regards to gold trends. With prices of gold 24 carat gold hitting over 86 thousands move advanced never before seen gold investors, the question that arises is is it time to buy? Don’t worry, we’re here to help you every step along the way with everything that is needed to be thought or explained.
To ensure that informed decisions can be made, you don’t have to worry anymore because now, I will make it easier for you by explaining current gold rates market trends weekly movements on city wise demand and their surrounding impacts.
At what Factors Do Gold Prices Depends on Daily?
There are so many factors that affect gold prices that markets are not easy to monitor. So what are they? Let’s take a look: local market ecosystem, demand and supply, global gold rates, currency mobility or exchange rates… all these have a big say in what gold would cost. For example: today’s rates in some major cities:
Delhi & Jaipur: ₹86770 per ten grams
Mumbai, Kolkata, Chennai & Hyderabad: ₹86620 per ten grams
So as you can see the tiniest of changes do not affect the overall bigger picture, However they can greatly aid in helping make the decision of when and where to buy.
City Wise Distribution of Gold Prices
Curious about gold pricing in your locality? Here’s the quick overview.
Delhi, Jaipur, Lucknow & Chandigarh
Cost of 24-carat gold: ₹86,770 for every 10 grams.
Cost of 22-carat gold: ₹79,550 for every 10 grams.
Mumbai, Kolkata, Chennai & Hyderabad
Cost of 24-carat gold: ₹86,620 for every 10 grams.
Cost of 22-carat gold: ₹79,400 for every 10 grams.
Bhopal & Ahmedabad
Cost of 24-carat gold: ₹86,670 for every 10 grams.
Cost of 22-carat gold: ₹79,450 for every 10 grams.
While these might not be the official rates, remember that prices can change in a few hours so always consult your local jeweler before settling on a deal!
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