Gold Price in India Today: Gold prices surged again on September 27th. After two days of gains, gold prices reached near their all-time high. Demand for gold has increased again in recent days.

Gold Price in India Today: Gold prices in India rose for the second consecutive day on Saturday, September 27th. This offset the decline earlier in the week. Following two days of strength, gold has reached close to its all-time high. The decline in gold prices earlier in the week had brought some relief to gold buyers, especially those looking to purchase gold for Navratri. Demand for gold as a safe-haven asset has rebounded due to concerns about US H1B visas, India-US trade talks, uncertainty over the US Fed's interest rate cut, and other geopolitical developments.

How much did the price of gold increase today?

The price of 24-carat gold in India rose by ₹600 today to ₹1,15,480 per 10 grams. Similarly, the price of 22-carat gold rose by ₹550 to ₹1,05,850 per 10 grams. The price of 18-carat gold also increased by ₹450 to ₹86,610 per 10 grams. Gold prices in India have risen by more than 40% since the beginning of this year. The month of September saw a sharp rise in gold prices in the country, reflecting its skyrocketing international prices. According to data, the sharp rise in gold prices over the past few months also contributed to rising inflation in the country in August. Experts believe that further increases in gold prices are likely amid investor concerns about the burden of new US Treasury debt and threats to the Federal Reserve's autonomy.