Present status of Gold Price in India

Present status of Gold Price in India

In India, there is a sentimental value associated with gold. The yellow metal symbolizes prosperity and wealth. Gold jewellery is so dear to Indian women that they can’t enough of it. Since gold is an important part of auspicious celebrations, the sale of gold increases drastically around Diwali. Gold rate changes every day; if you want to buy gold, simply type today gold rate in Google search box and conduct a Google search. Keeping up with the current gold rate is a must if you wish to hit the El Dorado.

Gold ornaments are quite popular in our country. The shopping for Indian weddings is incomplete without gold. The best thing about gold is that it can be easily sold in case there is a financial crunch.

While gold fascinates Indian women, it attracts investors as well. For investment purposes, investors buy gold coins, gold bars, gold ETFs etc. Investment experts recommend not buying gold jewellery for investment purposes. It is because when gold jewellery is purchased; it attracts additional charges in the form of making charges.

Today gold price is affected by various factors such as demand and supply, market scenarios across the globe and the strength of US dollar etc. Additionally, the price of gold differs in various cities across India as well. Various factors such as taxes, demand, carriage, local associations etc. affect the gold price in different cities.