Gold price in India today; 24 karat gains, 22 karat continues to decline
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: Prices of yellow metal in India were on a mixed trend on Wednesday, with 24 karat gold in various gram witnessing gains, whereas 22 karat gold in various gram continues to decline during the day. On the other hand, global gold prices touched their highest in a week early on the day, as the dollar index hovered near two-week lows and investors jitter about a host of geopolitical tensions stoked demand for the safe-haven metal.
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. Here's where the price of 24 karat and 22 karat gold stands currently.
24 karat gold today was trading at Rs 32,070, up by Rs 20, compared to its previous day performance when it stood at just Rs 32,050. While 100 gram in 24 karat surged by Rs 200 and was available at Rs 3,20,700 compared to previous day price of Rs 3,20,500. Also, 1 gram and 8 gram in 24 karat rose by Rs 2 and Rs 16 respectively.
22 karat gold for 10 gram, however, was valued at Rs 29,880, down by Rs 70, compared to its previous day price of Rs 29,950. A 100 gram in the same karat is priced at Rs 2,98,800, below Rs 700, against the previous day price of Rs 2,99,500. 1 gram and 8 gram in 22 karat were lower by Rs 7 and Rs 56 respectively during the day.
Meanwhile, silver metal surged today, as 1 Kg in silver was priced at Rs 41,300 up by Rs 100, whereas 100 gram silver at Rs 4,130 higher by Rs 10. Also, 10 gram, 8 gram and 1 gram silver were available at Rs 413, Rs 330.40 and Rs 41.30 respectively.
Moreover, Spot gold was on track for a fourth straight session of gains, up 0.1 percent at $1,340.64 an ounce as of 0320 GMT. Prices earlier rose to a one-week high of $1,342.64 an ounce. US gold futures were down 0.1 percent at $1,344 an ounce.