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Gold Price Today: Rise in the price of gold, know what is the rate of gold in your city

Photo:India TV Know what is the rate of gold in your city

Highlights

  • Today gold price is Rs 51,660 per 10 grams
  • becoming costlier by Rs 4,400 and doing business at Rs 57,400 per kg
  • Huge fall in India’s gold reserves

Gold Price Today: In India today gold is becoming costlier by Rs 550 and is trading at Rs 51,660 per 10 grams. It is said that investors consider gold as the most reliable investment. Now the festival season has started. Dussehra is near. In such a situation, Indians will buy gold in more quantity. The same is the case with silver. It is getting costlier by Rs 4,400 and is doing business at Rs 57,400 per kg.

How is gold in other cities?

According to Good Returns in Mumbai, which is called the financial capital of India, today the price of gold is Rs 51,660 per 10 grams. The same rate is also in Kolkata, Hyderabad, Bhubaneshwar and Visakhapatnam. The price of gold in Delhi is Rs 51,820 per 10 grams. Whereas gold is trading today at Rs 52,100 per 10 grams in Chennai. The cost of one kg of silver in Mumbai and Delhi is Rs 61,800. The same is the case with Kolkata, Jaipur, Pune, Ahmedabad, Patna and Lucknow. However, silver is trading at Rs 66,700 per kg in Chennai.

Huge fall in India’s gold reserves

The country’s foreign exchange reserves fell by $ 8.134 billion to $ 537.518 billion in the week ended September 23, as the country’s foreign exchange reserves continued to decline. Foreign exchange reserves had declined by over $5.2 billion to $545.54 billion in the previous week. The central bank said that during the week under review, FCAs declined by $7.688 billion to $477.212 billion. In dollar terms, FCAs include the effect of appreciation or depreciation in non-US currencies such as the euro, pound and yen held in foreign exchange reserves. According to the data, the value of gold reserves has come down by $ 300 million to $ 37.886 billion.

Gold futures prices rise

Gold futures on Tuesday rose by Rs 275 to Rs 51,435 per 10 grams as participants increased positions amid strong spot demand. On the Multi Commodity Exchange, gold for December supply contract was trading higher by Rs 275 or 0.54 per cent at Rs 51,435 per 10 grams. It had a business turnover of 18,186 lots. Market analysts said buying of fresh positions by participants led to the rise in gold futures prices. Globally, gold was trading 1.01 percent higher at $ 1,719.20 an ounce in New York.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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