Gold prices: India are expected to see significant fluctuations in coming days

Amidst the preparations for a holy festival like Rakshabandhan, the prices of gold have once again become a topic of discussion in the bullion market of Uttar Pradesh. In the month of Sawan, the demand for jewelry increases due to weddings and festivals, and in such a situation, people planning to buy gold should keep a special eye on the gold rate.

New Delhi: Gold prices in the country are expected to see significant fluctuations soon. Key factors driving these changes include geopolitical tensions, inflation, and seasonal demand, particularly during the upcoming wedding and festive seasons.

Amidst the preparations for a holy festival like Rakshabandhan, the prices of gold have once again become a topic of discussion in the bullion market of Uttar Pradesh. In the month of Sawan, the demand for jewelry increases due to weddings and festivals, and in such a situation, people planning to buy gold should keep a special eye on the gold rate.

Today i.e. Monday, July 28, the price of gold and silver remained stable in many big cities of UP. Experts believe that in the coming days, there may be a sharp jump in the prices of gold once again. In such a situation, if you are planning to gift gold to your sister on Rakhi, then this time can prove to be right in terms of shopping.

Gold price today in major cities of UP

In major cities of Uttar Pradesh like Lucknow, Noida, Ghaziabad, Meerut, Ayodhya, Gorakhpur, Kanpur, Varanasi and Agra, the price of 24 carat gold on Monday was Rs 97,230 per 10 grams. At the same time, 22 carat gold is being sold at Rs 92,600 per 10 grams.

Talking about silver, it has been recorded at a stable price of Rs 1,26,000 per kg today.

Can gold become cheaper?

In the last few days, there has been a slight softening in the price of gold. Experts believe that if this trend continues for a few more days, the price of 24 carat gold can come around Rs 95,000 per 10 grams. However, this decline may be temporary, as prices are expected to rise again due to festive demand.

Gift of gold on Rakhi
Rakshabandhan is near, and on this occasion it is considered auspicious to gift a gold jewelery or coin to the sister. In such a situation, buying at the current rate can be a wise move, because as the festival comes closer, along with the increase in demand, prices are also likely to increase.

Prices are approximate
The prices given here are based on the estimated market price of different cities. There may be a slight difference in the actual prices, which depends on different shops and locations. Before shopping, do confirm the rate from the nearest jeweler.