Gold is one of the biggest wealth generating assets preferred by people across the world. The yellow metal provides safety during economic turmoil and at the same time is also considered as a hedge against inflation. On top of that, the metal is easy to purchase and then sell in the market and requires absolutely no time to be spent by the owner on any kind of maintenance. Having said that, millions of buyers globally are keeping an eye on gold rates. So, here we list the gold price today in India.
Gold price in India today on Thursday, for the 24-carat gold, 10 grams, is Rs 72,170 or Rs 7,217 per gram. Gold price today was up by Rs 10. This is for 24 karat gold (also referred to as 999 gold). As far as the price of gold, 24 karat, is considered, the same is ruling at Rs 66,160 for 10 grams or Rs 6,616 per gram, as per GoodReturns.
Those looking to purchase should know that other taxes are in addition to the price quoted above. Notably, GST will be added to it while buying.
Those looking to buy gold should note that the precious metal’s rate depends on a number of factors that they should track. On the global scale, the demand for gold is dictated by the economic conditions of various countries. If things are turning bad, the chances of gold price rising increases as people worried by high inflation will turn to it thereby boosting demand and, as a corollary, prices too. The reason for buying by the public is that, on an individual’s scale, having gold can offer stability to personal income.
Rising, or falling, gold demand from jewelry sector also affects prices as do various religious festivals when demand spikes as it is considered auspicious to buy the yellow metal.
Another important factor that was recently seen in play was the massive buying by central banks of various countries to boost their countries’’ gold reserves.
Gold price today in India has risen by Rs 10 and is being quoted at Rs 72,170. Commodities Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
