New Delhi, Ap 12: Gold prices have recently notched all-time highs, leading many market participants to speculate on next steps.
Some have suggested potential corrections in price, which may bring the price of gold down to near Rs 56,000 for 10 grams.
They suggest that this decline may be from growing supply and decreasing demand. While some experts remain in the optimist camp, believing that prices can continue on a higher trajectory potentially reaching Rs 1 lakh or beyond.
The trajectory of gold prices moving forward will be contingent on a myriad of global economic factors, such as interest rates, given overall market movement and continued geopolitical discontent. As the uncertainty builds, investors will continue to follow signals across both local and global markets.
Here’s the gold price in India today:
The price of 24-carat and 22-carat gold increased on Saturday. The price of 24-carat gold (10 grams) is now Rs 95,410 and 22-carat gold (10 grams) is Rs 87,460. Yesterday, the 24-carat gold was priced at Rs 90,660, while 22-carat gold was priced at Rs 83,310.
In the national capital New Delhi, the gold rate for 24 carat (10 grams) is Rs 95,560 while 22 carat (10 grams) is Rs 87,610.
Similarly, the gold price in Chennai for 24 carat is Rs 88,580, while the 22-carat is Rs 81,200.
The rate of gold for 24 carat in Kolkata is Rs 95,410, while 22 carats is Rs 87,460.
On the other hand, the price of 24-carat gold in Mumbai is 95,410, while 22-carat gold is Rs 87,460. At the same time, the gold price in Odisha’s capital city Bhubaneswar for 24-carat gold (10 grams) and 22-carat gold (10 grams) in Bhubaneswar has suddenly increased to Rs 95,410 and Rs 87,460, respectively.
