Gold price at this time: In Mumbai, 22-carat gold stood at Rs 56,750 per 10 grams. (Representative picture)
In the nationwide capital Delhi, 22-carat gold costs declined Rs 150 to Rs 56,900 per 10 grams, whereas 24-carat gold was decrease by Rs 220 to Rs 62,060 per 10 grams
Gold and Silver Prices Today, December 12, 2023: Gold costs in India on Tuesday fell amid lacklustre demand within the spot market. In the nationwide capital Delhi, 22-carat gold costs declined Rs 150 to Rs 56,900 per 10 grams, whereas 24-carat gold was decrease by Rs 220 to Rs 62,060 per 10 grams. Silver was additionally down by Rs 100 to Rs 75,700 per kg.
In Mumbai, the yellow steel of twenty-two-carat stood at Rs 56,750 per 10 grams and that of 24-carat was at Rs 61,910 per 10 grams. In Kolkata, 22-carat and 24-carat gold costs stood at Rs 56,750 and Rs 61,910 per 10 grams. In Chennai, the valuable steel’s costs have been at Rs 57,200 and Rs 62,400 per 10 grams.
In Hyderabad, gold costs have been at Rs 56,750 per 10 grams and Rs 61,910 per 10 grams for 22-carats and 24-carats, respectively. In Thiruvananthapuram, 22-carat gold was at Rs 56,750 and 24-carat gold at Rs 61,910 per 10 grams. In Bhopal, gold was at Rs 56,800 and Rs 61,960 per 10 grams for 22-carats and 24-carats, respectively.
In Jaipur, gold costs have been at Rs 56,900 per 10 grams for 22-carats and Rs 62,060 per 10 grams.
However, then again, within the futures market, gold was buying and selling 0.31 per cent increased at Rs 61,309 per 10 grams on the MCX, whereas silver was up by 0.45 per cent at Rs 72,184 per kg.
In the worldwide market, gold and silver costs have been at elevated ranges. Gold rose 0.16 per cent to $1,985.6 an oz., whereas silver inched up 0.35 per cent to $22.99 an oz..
Here are a number of elements that may exert affect on the value of gold:
Supply and Demand: The worth of gold primarily is dependent upon how a lot folks need it and the way a lot is accessible. If extra folks need gold, the value often goes up. But if there’s an excessive amount of gold accessible, the value can go down.
Global Economic Conditions: The general world economic system additionally has a huge impact on gold costs. When the world economic system is just not doing nicely or there’s a recession, buyers usually select gold as a protected choice, inflicting its worth to go up.
Political Instability: Political troubles may also have an effect on gold costs. When there’s uncertainty or a disaster in an essential nation or area, buyers would possibly select to guard their cash by investing in gold. This elevated demand could make the value of gold go up.
