The precious yellow metal prices for consumers differ for people in different cities and the gap is due to a host of international and local factors. Gold prices has been seeing its highs and lows in India for the past three-four days. Gold prices declined by Rs 100 on Friday and stood at Rs 46,400 per 10 gram for 22-carat gold. In the first week of September, the gold price declined by Rs 500 closing at Rs 46,500 per 10 gram for 22 carat gold.
Last month, at the end week of August , 2022 the price of gold saw a decline of Rs 250 , closing at Rs 47,000 per 10 gram for 22 carat gold.
Prior to the decline, it had just gained marginally on August 30 by Rs 100 to close at Rs 47,250. Before that it saw a dro by Rs 500 in a matter of just 2 days (on August 27 and August 29, 2022). An important thing to note is that the price of 24 carat of gold fell by Rs 110 at Rs 50,620 per 10 gram. Why is the Gold Prices Falling?
The price of the precious yellow metal has been falling for some time due to weak global market. The stock markets and commodity markets observed a huge decline across the globe recently. With the strong rise in US Dollar against the rupee lead to the gold prices to decline. Now the question is,Should one Invest In The Yellow Metal When the rates are declining? According to commodities experts, this is the right time to invest and buy small quantities of yellow metal to reap good benefits in the future.
Price of gold today in major Indian cities (22 carat):
Chennai: Rs 46,950
Mumbai: Rs 46,400
Delhi: Rs 46,550
Kolkata: Rs 46,400
Bangalore: Rs 46,450
Hyderabad:Rs46,400
Kerala:Rs46,400
