Gold price in India today: 24 karat above Rs 32,000-mark
Gold price in India today: Yellow metal in India has been a perfect hedge against inflation over the years and now investors are again increasingly looking at it as an important source of investment.
Gold price in India today: With the dollar index weakening against various currency including INR, the investors usually show appetite for safe haven, however, global gold prices were mostly trading flat compared to previous day prices, but this did not impacted the prices of yellow metal in India. The 22 karat gold in various grams saw rise in their prices on Monday, while 24 karat gold in various grams saw much higher increase in the prices during the day, as 10 gram in 24 karat once again earmarked over Rs 32,000-mark.
Gold in India has been a perfect hedge against inflation over the years and investors are now increasingly looking at it as an important source of investment.
24 karat gold today was trading at Rs 32,060, up by Rs 210, compared to its previous day performance when it stood at just Rs 31,850. While 100 gram in 24 karat surged by a massive Rs 2,100 and was available at Rs 3,20,600 compared to previous day price of Rs 3,18,500. Also, 1 gram and 8 gram in 24 karat witnessed uptrend by Rs 21 and Rs 168 respectively.
22 karat gold for 10 gram, however, was valued at Rs 29,990, higher by Rs 10, compared to its previous day price of Rs 29,980. A 100 gram in the same karat is priced at Rs 2,99,900, up Rs 100, against the previous day price of Rs 2,99,800. 1 gram and 8 gram in 22 karat were up by Rs 1 and Rs 10 respectively during the day.
Meanwhile, silver metal remained unchanged compared to their previous day prices, as 1 Kg in silver was priced at Rs 41,600, 100 gram at Rs 4,160, 10 gram at Rs 416, 8 gram at Rs 332.80 and 1 gram at Rs 41.60.
Moreover, Spot gold was flat at $1,346.71 an ounce.
The dollar index tracking the greenback against six other major currencies, was near a one-month low at 89.423.