Gold Rate Down; Check The Rate Of 10 Grams Of Gold
Gold Rate Down – New gold and silver prices have been announced in the country and the state. The daily change in gold prices has become a topic of discussion for consumers and investors. Especially during the wedding season, the volatility in gold prices has increased the concerns of middle- and lower-middle-class consumers. On the other hand, the increase in gold prices is benefiting investors .
Gold prices in the Indian market
Today, the price of 22-carat gold in the Indian market is Rs 90,040 per 10 grams, while the price of 24-carat gold has reached Rs 98,230. Today, there has been a slight increase in the price of gold compared to yesterday. The price of gold has reached a new high due to economic instability in the international market and the China-US trade war. You also read this Gold price will drop to 55000!
Gold prices in Odisha
In Odisha’s capital, Bhubaneswar, the price of 22-carat gold is Rs 90,040 per 10 grams, and 24-carat gold is Rs 98,230. There has been a slight decline compared to yesterday, which has brought some reassurance to consumers who are going to buy gold during the wedding season. However, whether this decline will be permanent or not depends on the movement in the international market.
Gold prices in major cities
Mumbai: 22-carat gold is priced at Rs 90,040 and 24-carat at Rs 98,230. The prices have decreased compared to yesterday.
Delhi: 22 carats are priced at Rs 90,190, and 24 carats are priced at Rs 98,330. The prices have increased here.
Chennai: 22 carats are priced at Rs 90,040, and 24 carats are priced at Rs 98,230. Prices have also decreased here.
Kolkata: 22 carats, Rs 90,040, and 24 carats, Rs 98,230.
Consumer sentiment and market influence
The rise in gold prices is affecting consumer sentiment. A jeweler in Bhubaneswar said, “The demand for gold has increased due to the wedding season, but due to the increase in prices, many customers are buying jewelry of lower weight or paying in installments.” On the other hand, investors are looking at gold as a safe haven. “Investing in gold is becoming profitable amid economic turmoil. We are getting more profit as the prices are increasing,” said an investor.
What will be the future price?
Experts say that gold prices may increase further in the coming days, as volatility in the international market and increased demand are affecting it. However, some financial institutions are claiming that gold prices may decline in the long term.
Advice for customers
Experts advise those who are planning to buy gold to check the daily prices and buy hallmarked gold. Also, buying in installments or choosing jewelry of lower weight as per the budget can be beneficial for middle-class consumers.
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