Gold Price Update: Today, there has been some fluctuation in the gold and silver market. If you are planning to buy or sell gold, then you need to know what is the price of gold in your city today.
In this article, we will tell you what are the latest prices of gold and silver across the country today, as well as the methods of checking the purity of gold and the benefits of gold in terms of investment.
Gold’s shine has diminished a bit, but this is relief news
Today, a slight decline has been registered in the price of 22-carat gold. Its price has come down from ₹ 66,750 per 10 grams yesterday to ₹ 66,740 per 10 grams today.
At the same time, 24-carat gold has also become slightly cheaper. Its price has come down from ₹ 72,800 per 10 grams yesterday to ₹ 72,790 per 10 grams today.
However, market experts say that this decline is probably a guest of a few days only. Gold prices may increase in the coming days. Therefore, if you are considering investing in gold, do not make any hasty decision. Keep watching the market trend.
The slight jump in the silver price
Today, a slight increase has been registered in the price of silver. The price of one kg of silver in Lucknow has gone up to Rs 87,100.
Why does gold price fluctuate
Gold prices depend on many factors, including:
International Market: Global demand and supply of gold
Rupee-Dollar Exchange Rate: Gold becomes expensive when the dollar is expensive.
Inflation: Gold prices also increase when inflation increases.
Geopolitical Events: Global political upheaval can affect gold prices.
How to Check Gold Purity
It is very important to keep in mind the purity of gold while buying it. There are two reliable ways to check the purity of gold:
Hallmark: Hallmark is a government certificate that guarantees the purity of gold. 24 carat gold is marked 999, 22 carat gold is marked 916, etc. Always buy hallmarked jewelry while buying gold.
Trusted jeweller: You can also get the purity of gold checked by an experienced and trustworthy jeweller.
Benefits of Investing in Gold
Gold has always been considered a smart investment. Let us know some of the benefits of investing in gold:
Value Preservation: The price of gold remains stable in the long run, so it protects your wealth even in times of inflation.
Investment Diversification: By including gold in your investment portfolio, you can reduce your risk.
Safe Investment: Gold becomes a safe investment option during times of economic instability.
Important things before investing in gold
Before investing in gold, it is important to understand the trend of gold prices. Apart from this, make investment decisions only after consulting a financial advisor.
