Gold Price Today Surge: Understanding the Reasons Behind the Increase and Current Silver Prices
Monday, 23 September 2024, 20:04
Gold Price Today Surge
Gold price today stands at Rs 76,160 per 10 gm in India, showing a remarkable increase driven by various global and local factors.
Current Situation of Silver Prices
Silver price today has dipped to Rs 92,900 per kg, marking a decline for the second consecutive day.
Reasons Behind Gold Price Increase
- Global Rally: The prices of gold are witnessing a surge in international markets.
- Increased Demand from Jewellers: Upcoming festive seasons in India lead to higher demand for gold.
- Fed’s Rate Cut: The US Federal Reserve's recent rate cut boosts gold prices.
- Geopolitical Tensions: Ongoing conflicts contribute to gold being seen as a safe haven, inflating its value.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.