Gold Rate in India Today (6th October)


Gold Rate in India Today (6th October) : The price of gold in India today is Rs 5,239 per gram for 22 karat gold and 5,715 per gram for 24 karat gold.

Gold Rate in India Today
hk

 

Gold over the years is becoming a perfect hedge against inflation. Investors are increasingly looking at Gold as an important investment. All the information are sourced from Goodreturns which regularly updates Gold prices in India.

Factors affecting Gold prices in India

Several factors influence gold rates in India, including worldwide market swings, the strength of the USD, import costs, interest rates on bank fixed deposits, economic stability, seasonal prices, inflation, and demand-supply, among others. While high inflation rates stimulate demand for gold and vice versa, the price of gold rises in tandem with the increase in demand. Apart from a few worldwide factors, the international spot price of gold influences gold’s metal value in India. Gold prices are affected by demand and supply, just like any other product. Gold prices have risen in response to growing demand and supply.

Important rules to remember before buying Gold

Even though buying gold has shown to be a safe type of investment in India, an increasing number of people are doing so. With gold prices soaring in recent years, it is critical to consider a few factors before investing in precious metals.

Check your city’s current gold rates: Because gold prices fluctuate on a daily basis, it is critical to check the current price in your city before making any purchases.

Purchasing certified gold: It is critical to examine the ‘Hallmark’ indication while purchasing the finest kind of gold. With the change in gold hallmarking rules this year, every gold jewellery will now bear a 6-digit alphanumeric HUID, or Hallmark Unique Identification.
Examine all of the extra charges: Aside from the actual price of gold per gramme, jewellers often impose manufacturing fees. However, you should verify for any additional charges levied on your jewelery by calculating the per gramme amount you are paying.

Also Read: The RBI has extended the deadline for exchanging Rs 2,000 notes until October 7.

 


Leave a Comment