Inflation flared up in gold prices, know where the gold rates reached this week

The festive season has passed in India but the wedding season is on its head. People have started buying gold for the wedding ceremony. But in the meantime, the inflation of gold has given a jolt to the people going to buy gold. Gold prices have flared up in the last one week. On the other hand, due to the weakness in the dollar index, once again on Friday, there has been a sharp rise in gold prices. But still the price of gold is still lower than the initial months of this year.

How much did gold cost this week?

Since the end of Diwali, the price of gold has taken wings. In the first week of November also, the gold prices have remained bullish. This week the rate of gold has increased by Rs 1764 per 10 grams. On Friday, the last trading day of the week, gold prices closed at Rs 52,277 per 10 grams. Whereas on the opening day of this week, gold prices were Rs 50,960 on Monday. After this, the prices went up to Rs 51,502 on Wednesday. On the other hand, gold prices reached Rs 51,619 on Thursday and Rs 52,277 on Friday.

Prices currently lower than March

Gold prices had risen the most in March this year. Then the gold prices were at Rs 54,330. Since the start of the Russo-Ukraine war, gold prices in the country had seen a fall. If we look at the level of March, gold is still cheaper by Rs 2053 at present.

24 carat gold price

According to the Indian Bullion and Jewelers Association (IBJA), the price of 24-carat gold stood at a maximum of Rs 52,281 on September 11. While the price of 22 carat gold stood at Rs 52,072 per 10 grams. These prices do not include GST. On the other hand, if you buy gold jewelry, then you have to pay making charges in addition to GST.