Gold Price Today: Ahead of the wedding season and Akshaya Tritiya, a record-breaking surge has been observed in the gold price. Gold prices have crossed 1 lakh. Gold prices reached a historic high of ₹ 1 lakh per 10 grams for the first time on Tuesday. There is an outcry in the market over the rising gold price. According to the India Bullion and Jewellers Association, 24-carat gold reached the price of Rs 1 lakh per 10 grams today. On Monday, the price of 24-carat gold was Rs 96670 per 10 grams. That is, today 24 24-carat gold became costlier by Rs 3,330 per 10 grams in one day. At the same time, silver reached Rs 95,900 per kg today. So let’s know what the price of 22 and 18 carat gold is today:-
What is the price of gold today?
According to the official website ibjarates.com, the price of 995 purity gold is Rs 98703 per 10 grams as of today. At the same time, the price of 916 (22 carat) purity gold is Rs 90776 per 10 grams. The 750 (18 carat) purity gold rate is Rs 74325 per 10 grams. At the same time, 585 (14-carat) purity gold is priced at Rs 57,974 per 10 grams. Whereas, the price of silver has gone up to Rs 95900 per kg.
Please note that the hallmark is marked on jewellery according to carat. 999 is written on 24-carat gold jewellery, while 958 is written on 23-carat, 916 on 22-carat, 875 on 21-carat, and 750 on 18-carat.
Why are gold rates increasing?
1. Please note that this rise in gold prices has occurred amid global uncertainty. The reason for this is the renewed tension between President Donald Trump and the US Federal Reserve over the reduction in interest rates and the intensification of the trade war between the US and China.
2. The dollar index has reached its lowest level in many years, which has increased the demand for gold as a safe investment. The price of gold often increases when the dollar weakens. This is because the price of gold is in dollars.
