Today’s gold prices in India have been in a consistent upward trend for five days now. Including rises in US Treasury Yields, uncertainties on US Elections and Middle East conflict heavily affect gold prices in the country.
During the periods that the prices have been on an upward trend, the current gold price in India today has seen little movement. On a silver front, the prices traded positively today after having breached the Rs 1 lakh per kilogram mark yesterday.
Today’s gold price in India
The 22k gold is available at Rs 73,000 per 10 grams and 100 grams for Rs 7,30,000 to date. The price of 24k gold has crossed Rs 79,640 per 10 grams, and 100 grams of silver costs Rs 7,96,400.
The silver prices have increased by Rs 100 today and are available at Rs 1,01,100 per kilogram. Today, as of October 22nd, India’s Gold Rate for one gram of 22k gold costs Rs 7,300 per gram and 24k gold is going at Rs 7,964 per gram.
Countries in war: Big impact on gold price in India
Middle East tensions push up demand for safe havens. Specifically, tensions between Iran and Israel have influenced the commodities prices in the subcontinent. The precious metals, especially gold and silver, move up. Analysts at Swiss bank UBS predict that the gold price would break into the $2,900 level per ounce in the near term.
Meanwhile, today’s gold price in India has seen no change despite the fact that there have been swings over the last ten days. With Dhanteras on October 29, 2024, coming closer during which period of time the sale of gold tends to increase, one will keep hearing on this very topic as investors and buyers start to deliberate on it.
Also, see: Sale of gold in India drops significantly ahead of Diwali amid price surge