Gold Rate Today | Supply and demand affect the price of gold. Today, rates are rising because demand is high and supply is low. Over the past week, gold prices have increased by Rs 822 per 10 grams, while silver prices have also increased by Rs 1202 per kg.
How is the price of gold increasing?
According to bullion market experts, gold has increased by 400 percent in the last 15 years. Gold has returned 17.51 percent in the last one year and 24.18 percent in the last two years. Expectations are high for gold in 2023.
According to bullion market experts, considering the price of gold in 2023, the price of gold may go up to Rs 66,000 to Rs 72,000 per 10 grams this year. However, he is of the opinion that investors should invest only with a stop loss of Rs 54,500.
According to Commodity Research of Kotak Securities, looking at the gold-silver ratio, silver is likely to become heavier. Silver has broken out and crossed the initial resistance of Rs 72,000. It can now go from Rs 85,000 to Rs 86,000 on MCX. India is the world’s largest consumer of silver and imports 90 percent of its requirements. In 2022, India imported 9,500 tonnes of silver. Sources in the industry say that this rate may continue to rise due to reduced supply.
What is the new rate of gold in your city today?
* Aurangabad – 22 carat gold: 55200, 24 carat gold: 60220
* Bhiwandi – 22 carat gold: Rs 55230, 24 carat gold: Rs 60250
* Kolhapur – 22 carat gold: 55200, 24 carat gold: 60220
* Latur – 22 carat gold: Rs 55230, 24 carat gold: Rs 60250
* Mumbai – 22 carat gold: 55200, 24 carat gold: 60220
* Nagpur – 22 carat gold: 55200, 24 carat gold: 60220
* Nashik – 22 carat gold: Rs 55230, 24 carat gold: Rs 60250
* Pune – 22 carat gold: 55200, 24 carat gold: 60220
* Solapur – 22 carat gold: 55200, 24 carat gold: 60220 rupees
* Thane – 22 carat gold: Rs 55200, 24 carat gold: Rs 60220
Disclaimer | Investing in mutual funds and the stock market is based on risks. Be sure to consult your financial advisor before investing in the stock market. AkhandIndia.com shall not be liable for any financial loss.
News Title: Gold Rate Today as on 03 September 2023.