MCX Gold Rate on the 7th sky- Silver also caught speed, learn new record of 10 grams of gold
Gold prices have been increasing rapidly in India for some time. This bounce is based on various factorsWhich includes global demand, economic instability, and government policies.
Gold is seen not only as an investment option but also as a safe investment, which increases its demand in the time of economic uncertainty.
Gold prices in India are determined on MCX (Multi Commodity Exchange), Where it is traded at different rates for different types of gold. 22K and 24K gold are the most popular, whose prices often vary depending on global market and domestic demand.
Apart from gold, silver prices are also important, which are often related to gold. However, silver prices can be more unstable than gold।In this article, we will discuss about the prices of gold and silver in detail and explain the reasons behind them.
MCX Gold Prices: A Detailed Office
MCX (Multi Commodity Exchange) in India A major commodity exchange Is, where various commodities including gold are traded. Gold prices are based on various factors here, including global demand, economic conditions, and government policies.
Details of gold prices
| Gold type | Price (10 grams per) |
| 22k gold | ₹80,500 |
| 24k gold | ₹87,820 |
| 18k gold | ₹65,820 |
| 22k gold (per 100 grams) | ₹80,500 |
| 24K gold (per 100 grams) | ₹87,820 |
| 18k gold (per 100 grams) | ₹65,820 |
Silver prices
Silver prices are also important and are often related to gold. Recently, silver prices have seen fluctuations. Silver prices are around ₹ 97,000 per kilogram।
Main factor affecting gold prices
- Global Economic Conditions: When there is uncertainty in the global economy, investors invest in gold.
- Currency exchange rate: The rupee weakness compared to the dollar can increase gold prices.
- government policies: Export-income fees and tax policies levied by the government also affect gold prices.
- demand and supply: When the demand for gold increases, its prices also increase.
Recent changes in gold prices
In recent times, gold prices have changed significantly. 22k gold prices have reached ₹ 80,500 per 10 grams, While 24k gold prices have increased to ₹ 87,820 per 10 gramsThis change is due to global market conditions and domestic demand.
Investment in gold: a safe option
Gold is not only seen as a safe investment, but it also plays an important role in the time of economic uncertainties. When other investment options are unstable, investing in gold is considered a good option.
Benefits of investment in gold
- Safe investment: Gold is considered a safe investment, which remains stable even during the time of economic uncertainties.
- Security against inflation: Gold is a good security shield against inflation, as its prices often rise with inflation.
- Liquidity: Gold can be easily converted into cash, which makes it a liquid investment.
conclusion
Gold prices are based on various factors, including global demand, economic conditions, and government policies.
Gold is seen as a safe investment optionWhich also plays an important role in the time of economic uncertainty. Silver prices are also important and are often related to gold.
Disclaimer: This article is for general information and should not be taken as any financial advice.
It would be appropriate to consult experts before investing in gold or silver. Gold prices vary in real time, so it is important to get information from reliable sources for the latest rates.