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On September 6, gold prices reached ₹107,780 per 10g (24K), while silver rose to ₹125,900/kg. Prices influenced by global trends and festive demand.
Gold and Silver price become expensive ahead of the festive season
New Delhi: If you are planning to buy gold or silver at this time, then this information can prove useful for you. Gold prices are at a high level, and they are likely to increase further as the festive season approaches. In such a situation, it is important to make a wise decision, especially by knowing which carat of gold you want to buy.
The prices of gold and silver depend on many international and local factors. The main ones are
Trends in global markets: The price of gold and silver in the markets of America and other countries also affects India.
Dollar price: The strength or weakness of the dollar has a direct impact on the price of gold.
Economic condition of the country: Inflation, interest rates, and economic policies also affect the prices.
Festive season: The demand for gold and silver increases during the festival and wedding season in India, due to which prices may rise. Local demand and supply: The number of customers in the local bullion market and the sales policy of the shopkeepers also play a role in determining the price.
Massive change in gold and silver prices
24-carat gold is considered to be the purest gold because there is no adulteration in it. Due to this, its price is the highest. Today, i.e., on 6 September, the price of 24-carat gold was Rs 107,780 per 10 grams. This price can be considered to be at the highest level at this time, and it shows that the demand for pure gold remains.
22-carat gold comes with a slight adulteration, due to which it is available at a slightly lower price. Still, it is quite suitable for making jewelry. Today the price of 22-carat gold was Rs 98,810 per 10 grams.
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18-carat gold has the highest adulteration, and its purity level is the lowest. Therefore, it is cheaper than the other two. Today its price was recorded at Rs 80,850 per 10 grams. This can be a good option for those who want to buy good and durable jewelry on a low budget.
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At this time, a slight increase has also been seen in the prices of silver. On September 6, the price of silver in UP was Rs 125,900 per kg. If you want to buy in small quantities, then you need to know that the price of 1 gram of silver is Rs 125.90.
