Today, the gold price in India has experienced a decline of Rs 200-250 per 10 grams compared to the previous day. The current gold rate hovers around Rs 59,700 in most cities. In South Indian cities, the 24 carat gold rate surpasses Rs 60,000. Additionally, the price of silver has seen a drop of Rs 1,000.
Gold Rate on 26 September 2023 in Major Indian Cities
|City||22 Carat Gold (10g) in Rs||24 Carat Gold (10g) in Rs|
Factors Influencing Gold Prices
Gold prices are determined primarily by demand, supply, and global economic conditions. Increasing demand leads to higher rates, while higher supply often lowers prices. Additionally, global economic performance influences gold as a safe investment option, affecting its value.