Gold prices in India have reached a record high of ₹1,09,440 per 10 grams, driven by a combination of global economic uncertainty, rising inflation, and demand from investors seeking safe-haven assets.
This surge impacts jewelry buyers, investors, and traders across the country, prompting many to track city-wise rates for informed buying decisions.
City-Wise Gold Rates (Per 10 Grams)
| City | Gold Price (₹) |
|---|---|
| Delhi | 1,09,440 |
| Mumbai | 1,09,500 |
| Chennai | 1,09,480 |
| Kolkata | 1,09,460 |
| Bengaluru | 1,09,470 |
💡 Note: Rates may slightly vary based on local taxes, making charges, and market demand.
Factors Driving the Gold Price Surge
Global Economic Uncertainty: Investors turn to gold amid market volatility and geopolitical tensions.
Rising Inflation: Inflation in India and globally pushes investors toward gold as a hedge.
US Dollar Fluctuations: A weaker dollar often boosts gold prices in India.
Increased Demand: Festivals, weddings, and investment demand fuel buying pressure.
Tips for Gold Buyers and Investors
Compare City Prices: Slight differences exist in different metro cities.
Consider Making Charges: Jewelry buyers should factor in additional costs.
Invest in Digital Gold: For small investors, digital gold offers convenience and safety.
Timing Matters: Track global and domestic trends before making large purchases.
FAQ
Q1: What is the current gold price in India?
Gold has hit a record high of ₹1,09,440 per 10 grams in Delhi, with minor variations in other cities.
Q2: Why are gold prices rising now?
Rising inflation, global uncertainty, currency fluctuations, and strong demand contribute to the surge.
Q3: Does gold price vary across cities?
Yes, due to local taxes, making charges, and demand, prices differ slightly between cities.
Q4: Should I buy gold now?
Investors and buyers should consider long-term goals, market trends, and city-wise rates before purchasing.
Q5: Are there alternatives to physical gold?
Yes, digital gold, gold ETFs, and sovereign gold bonds provide investment options without storage concerns.
Conclusion
With gold reaching a record high of ₹1,09,440 per 10 grams, buyers and investors should carefully monitor city-wise rates, global trends, and market factors before making purchases. Gold remains a trusted hedge against inflation and uncertainty, but smart buying ensures maximum value.
Published on : 10th September
Published by : SMITA
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