Gold Rate Today: Prices Above Rs 60,000 in Major Cities
Gold Rate Today | Gold prices are trading above Rs 60,000 in most major cities of the country today on the second day of the week. Today in major cities, 24 carat gold price is Rs 60,310 and 22 carat gold price is Rs 55,300.
What is the price of gold in the bullion market today?
Gold opened at Rs 60,310 per 10 grams today, according to the Indian Bullion Jewelers Association website. The price of one kg of silver is Rs 76,200. Silver prices remained almost stable today. Today in some cities, gold prices have fallen by Rs 150-200 compared to yesterday’s rate.
New gold rates in various cities today
This is how the price of gold is determined
The price of gold is largely determined by the supply and demand of gold in the market. If the demand for gold increases, the prices will also increase. If the supply of gold increases, the price will decrease. Gold prices are also influenced by global economic conditions. For example, if the global economy is performing poorly, investors will invest in gold, which is a safe investment option. Due to this, the price of gold will increase.
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