In general, gold price today in India are impacted by a number of factors, including global economic conditions and inflation rates.
Gold Rate Today In India: The retail price of 10 grams of gold in India on August 26th is roughly Rs 59,000 in different cities. To provide a more precise breakdown, 10 grams of 24-carat gold costs Rs 59,450, whereas the same amount of 22-carat gold costs Rs 54,500. Silver, on the other hand, is worth Rs 75,300 per kg.
Today’s gold price: August 26. Retail Gold Rates in India (as seen in the table below)
Delhi Gold Price
22 carat gold was purchased at Rs 54,650 per gram in Delhi. Customers must pay Rs 59,600/10 grams for 24 carat.
Ahmedabad Gold Price
In Ahmedabad, the retail price of 22-carat gold is Rs 54,550 per 10 kilos, while the cost for 24-carat gold is Rs 59,500 per 10 grams. If the prices change during the day, this article will be updated.
Chennai Gold Price
In Chennai, a gram of 22 carat gold costs Rs 54,750. Similarly, the retail price of 24 carat gold in Tamil Nadu’s capital city is Rs 59,730 per 10 grams.
Check gold rates today in different cities on August 26, 2023; (In Rs/10 grams)
|CITY||22 CARAT GOLD PRICE||24 CARAT GOLD PRICE|
Gold futures expiring on October 5, 2023 were selling at Rs. 58,640 on the Multi Commodity Exchange on August 25. Silver, on the other hand, was trading for Rs 73,627 as of September 5.
In general, global economic conditions, inflation rates, currency changes, and local demand and supply dynamics all have an impact on gold prices in India.
Here are some of the elements that can influence the gold price:
Demand and supply: The gold rate is mostly governed by the market’s interaction of supply and demand. When there is a greater demand for gold, the rate tends to climb as well. If the quantity of gold increases, the rate is likely to fall.
Global economic conditions: The gold rate is also heavily influenced by global economic situations. During global economic downturns, investors frequently gravitate to gold as a safe haven, causing the gold rate to rise.
Political instability: Furthermore, political unrest might have an impact on the gold price. When a major country experiences political turbulence or disaster, investors may seek to preserve their assets by investing in gold as a hedge against uncertainty, causing the gold rate to rise.
Furthermore, the retail price of gold in India signifies the cost at which gold is sold to Indian customers. This value is impacted by a variety of factors, including the global price of gold, the value of the Indian rupee, and the costs of labor and materials used in the production of gold jewelry.
Gold is valued in India for its cultural importance, investment worth, and historic role in weddings and festivities.