Gold Prices Today: Due to the festive season, the demand for gold is high in August and September, but as gold prices in the country have already reached a record high, buyers have now become cautious.

Gold Prices Today:  Gold prices remained on a constant rise this week. On Rakshabandhan day, i.e., last Saturday, prices fell a bit. Before this, prices rose on the remaining six days. A decrease in gold prices was seen in the country on Sunday as well.

Usually, the demand for gold is high in August and September due to the festive season, but with gold prices already reaching record highs in the country, buyers have now become cautious and are postponing the purchase of big jewellery. 

What is the price of gold today? 

At the same time, spot gold is under pressure in the international market as its recent gains have reduced after profit booking yesterday. Currently, spot gold prices are trading around $3,400 per ounce, which is close to its all-time high level.

Since there was no fluctuation in gold prices after Saturday, the price of 10 grams of 24 carat gold in the country today remains stable at Rs 1,03,040. Similarly, the prices of 22 carat and 18 carat gold also remain unchanged at Rs 94,450 and Rs 77,280 per 10 grams respectively. Similarly, the price of 100 grams of 24 carat gold is now Rs 1,030,400, while the price of 22 carat gold today is Rs 9,44,500.

In big cities like Chennai, Mumbai, Hyderabad and Bangalore, the price of 24 carat gold today is Rs 1,03,040 per 10 grams. In these cities, the price of 22 carat gold today is Rs 94,450 per 10 grams.

Will gold prices rise again? 

According to a report by GoodReturns, Nirmag Securities said, "We expect gold prices in the Indian stock market to trade in a range. As US tariffs have come into effect and President Donald Trump has also appointed a temporary governor of the Federal Reserve, he is expected to reiterate his demand for a cut in interest rates."

It further said, "Although gold usually benefits in a low interest rate environment, the price of gold has already increased by 30 percent this year. Prices have increased the most in the first four months, when geopolitical and trade tensions shook the market. Now gold prices are heading towards their biggest weekly gain this month." 

Silver price in the country today 

According to Goldprice.org, currently spot gold is at $3,398.17 with a gain of 0.32 percent, while spot silver is at $38.34 with a gain of 0.41 percent. There was no increase or decrease in the price of silver in the country today and it remains at the same level as yesterday. Currently, the price of one kg of silver is Rs 1,17,000 and the price of 100 grams of silver is Rs 11,700.