Gold-Silver Price Today: Gold prices in India keep changing every day due to many domestic and international reasons. Sometimes the movement of the dollar affects it and sometimes the demand and supply of gold in the global market. There was a slight softening in gold prices on Wednesday, December 17. Although the decline is very minor, it is clear that there is no major turmoil in the market at present.
Slight fall in gold prices today
Today 24 carat gold is trading around Rs 1,33,850 per 10 grams. Whereas the price of 22 carat gold is available at around Rs 1,22,690 per gram and 18 carat gold is available at Rs 1,00,380 per gram. Compared to the previous day, a decrease of only Rs 1 per gram has been recorded. This means that this decline is not a long-term trend but part of everyday fluctuations.
What are the rates in big cities?
Gold prices remain almost the same in different metros of the country, although slight differences are being seen in some cities. Today gold rates are at the highest level in Chennai, where 24 carat gold is being sold at around Rs 1,34,720 per 10 grams. In cities like Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune, the price of 24 carat gold remains around Rs 1,33,850 per 10 grams.
Prices are slightly higher in Delhi, where 24 carat gold is available at around Rs 1,34,000 per 10 grams. Whereas in Ahmedabad and Vadodara the rates are almost the same and here 24 carat gold is trading at around Rs 1,33,900 per 10 grams.
What is the condition of silver?
Along with gold, investors are also keeping an eye on the prices of silver. Silver is also considered a safe investment, especially when there is uncertainty in the market. Although no major change was seen in silver prices today, staying at high levels shows its strong demand.
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What to keep in mind before investing?
As soon as the wedding and festival season arrives in India, the demand for gold automatically increases. Purchases in the form of jewelery provide support to prices. If you are thinking of investing in gold, then it is important to keep an eye not only on the daily rates but also on the long-term trend. Apart from physical gold, there are also options like gold ETF, sovereign gold bonds, which are considered safe and better from tax point of view.
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