If you want to buy now the price of gold will increase gradually because the price of gold will increase in the coming days because 31% has given a return of 57% in one year. Return in two years; Should you buy gold this year? Dhanteras gold investments have shown significant returns influenced by central bank demand and market conditions. Gold prices rose after a recent fall in prices following the tariff cuts. The future looks positive for gold due to potential economic uncertainty and geopolitical tensions. Considering these factors, these Dhanteras gold purchases can diversify and stabilize investment portfolios. Gold price today
Gold & Silver Rates Today 29-10-2024: Check Latest Rates in Your City
Gold and Silver Prices Today: 10 grams of 24-carat gold in Delhi was Rs 79963.0 and 1 kg of silver was Rs 101000.0 in Delhi. Gold price today
Gold and Silver Prices Today: Gold prices fell marginally on Tuesday. 24-carat gold was at Rs 7996.3 per gram, reflecting a fall of Rs 490.0. The 22-carat gold price was Rs 7331.3 per gram, down by Rs 450.0
The 24-karat gold price has changed -0.82% over the past week, while it has changed -3.6% over the past month. The current price of silver is Rs 101000.0 per kg.
Gold price today
The tradition of Indian families buying gold in Dhanteras has become one of the best-performing investments in recent times. Gold has returned 30.6% in just one year since the previous Dhanteras; If you invest in metals 2 years before Dhanteras (in 2022), the total return will be 56.8%. It’s not just the short-term returns that look impressive, even the long-term returns from the yellow metal are mostly in the double digits. Such strong performance will influence many more to invest in the yellow metal around Diwali. Gold price today
Historically, gold has seen multiple price corrections and stagnations over the years. So a good performance in the recent past does not guarantee high returns in the future. If you are planning to invest in gold, you must consider your options and understand whether the price will continue to rise.
Gold price in Delhi Gold price today
A gold price of 10 grams in Delhi today is Rs 79963.0. The previous day’s gold price on 28-10-2024 was ₹80463.0 for 10 grams and last week’s gold price on 23-10-2024 was ₹79803.0 for 10 grams.
Silver Price in Delhi Gold price today
Silver price in Delhi today is ₹101000.0 per kg. The silver price was ₹101100.0 per kg from the previous day on 28-10-2024, while the silver price was ₹105200.0 per kg last week on 23-10-2024.
Gold price in Chennai Gold price today
The 10-gram gold price in Chennai today is Rs.79811.0. The Previous day’s gold price on 28-10-2024 was ₹80311.0 for 10 grams and last week’s gold price on 23-10-2024 was ₹79651.0 for 10 grams.
Major tariff cuts have failed to stem the rise in gold prices.
Gold price today
Gold’s luster has not dimmed despite the government’s sharp reduction in duty from 15% to 6% in the budget presented in July this year. Gold price corrections are now a thing of the past after the announcement of duty cuts in the budget. “After the duty cut, gold prices in India fell initially but have since risen sharply. From Rs 68,000 per 10 gram in July 2024, gold has recovered to Rs 76,000 per 10 gram by October 2024, representing an increase of about 12%,” said Narinder Wadhwa, Managing Director, SKI Capital. Gold prices are now more closely linked to international price movements. Gold price today
The short-term correction has made gold prices in India more closely linked to global gold prices. “Since India imports most of its gold, lower tariffs reduce import costs, narrowing the gap between local and global prices,” said Renisha Chainani, A researcher at Augmont. “As a result, international gold market fluctuations are now more likely to be reflected in domestic prices in real-time. Additionally, global factors such as US interest rate changes and geopolitical developments will have a more direct impact on the Indian gold market. ”
Silver Price in Chennai Gold price today
Silver price in Chennai today is ₹109600.0 per kg. The previous day’s silver price on 28-10-2024 was ₹109700.0 per kg, while last week’s silver price on 23-10-2024 was ₹112800.0 per kg.
Gold price in Mumbai Gold price today
The gold price in Mumbai today is ₹79817.0 for 10 grams. The previous day’s gold price on 28-10-2024 was ₹80317.0 for 10 grams and last week’s gold price on 23-10-2024 was ₹79657.0 for 10 grams.
Silver Price in Mumbai Gold price today
Today silver price in Mumbai is ₹100300.0 per kg. The silver price from the previous day on 28-10-2024 was ₹100400.0 per kg, while last week’s silver price on 23-10-2024 was ₹104500.0 per kg.
Gold price today
Gold prices are now in line with international trends. “As of October 2024, gold prices in India are around Rs 76,000 per 10 grams, reflecting global price movements. While alignment with international prices has strengthened, domestic factors such as the rupee’s exchange rate against the US dollar and local demand continue to influence prices,” Wadhwa said. Gold price today
Future gold prices: Central bank demand is expected to remain high as a major factor in determining gold prices
The CE guideline is the volume of purchases by central banks, which are the largest buyers of gold JP increased its gold reserves as a hedge against economic uncertainty and inflation. Central banks collectively bought 1,000 tonnes of gold in 2023, according to the World Gold Council. This trend is expected to continue, as gold is seen as a safe store of value, especially in volatile geopolitical times,” Wadhwa said.
Gold price in Kolkata Gold price today
The 10-gram gold price in Kolkata today is Rs 79815.0. The previous day’s gold price on 28-10-2024 was ₹80315.0 for 10 grams, and last week’s gold price on 23-10-2024 was ₹79655.0 for 10 grams.
Silver price in Kolkata Gold price today
Today silver price in Kolkata is ₹101800.0 per kg. The silver price from the previous day on 28-10-2024 was ₹101900.0 per kg, while last week’s silver price on 23-10-2024 was ₹106000.0 per kg. Gold price today
Gold December 2024 MCX futures were trading at Rs 78845.0 per 10 grams, reflecting a rise of 0.355% at the time of publication. Silver March 2025 MCX futures were trading at Rs 100041.0 per kg, up 0.231% at press time.
Demand from central banks is unlikely to drop significantly. India Bullion and Jewelers Association (IBJA) secretary Surendra Mehta said central banks will give more importance to gold as long as the current armed conflict continues. Gold price today
Fluctuations in gold and silver prices are influenced by various factors, including the insight of reputed jewelers. Global gold demand, currency value fluctuations between countries, current interest rates, and government regulations regarding gold trading contribute to these changes. Additionally, global events such as the state of the global economy and the strength of the US dollar against other currencies have a significant impact on gold prices in the Indian market.
Gold price today
Although the historical returns of gold have been very good, every investor wants to know if it will happen again. “Further growth will depend on various factors including international gold prices, central bank policies (especially the US Fed decision), and festive shopping trends in India. If inflation persists or geopolitical tensions rise, gold could see further gains as a haven. Gold price heading towards $3000 (~85,000) (ie 10% higher) in next 6 months on strong investment demand,” said Chenani. Sambat 2081: Precious metals lead commodity boom Gold prices hit record highs in global and Indian markets, with silver outperforming other metals on expectations of strong demand in commodity markets in 2024. Factors such as financial instability, de-dollarization, and geopolitical tensions have driven these gains.
