Gold Price:- Gold prices rose overseas on November 6th. Spot gold rose 0.4% to $3,996.19 per ounce. US gold futures were up 0.3% at $4,005.60 per ounce. Gold and silver futures opened higher on Thursday. Gold and silver prices fluctuate daily. At 9:45 am, gold prices for December delivery on MCX rose 0.08% from the previous session to ₹1,20,617 per 10 grams. Silver rose 0.12% from the last session to ₹1,47,503 per kilogram.
Gold prices reached a record high of $4,381.21 per ounce on October 20th. Since then, prices have fallen by nearly 9%. Gold prices are rising again. This is due to the dollar’s weakness. The dollar has slipped from a four-month high. This is due to uncertainty in the US economy. The ongoing US government shutdown is causing significant economic losses.
Investors’ focus on gold investment has increased.
Experts say that it is natural for the price of an asset to fall after reaching a record high. Some investors have been consistently investing in gold. Their purchases are not affected by gold prices. They are investing for the long term. Some investors are purchasing gold when prices fall.
Investing up to 10-15% in gold is essential.
Gold can account for 10-15% of an investment portfolio. This provides diversification to the investment portfolio. It protects investors from significant losses in the event of a sharp stock market decline.
Today Gold Price in Metro Cities
In Delhi, the price of 24-carat gold is ₹12,206 per gram. 22-carat gold is ₹11,190 per gram, and 18-carat gold is ₹9,157 per gram.
In Mumbai, the price of 24-carat gold is ₹12,191, 22-carat gold is ₹11,175, and 18-carat gold is ₹9,143 per gram.
In Kolkata, the price of 24-carat gold is ₹12,191 per gram. 22-carat gold is ₹11,175 per gram, and 18-carat gold is ₹9,143 per gram.
The price of 24 carat gold in Chennai is ₹12,273, 22 carat gold is ₹11,250 per gram, and 18 carat gold is ₹9,390 per gram.