Gold prices rise before budget, know the price of 10 grams

Budget on 1 February. Gold prices had seen a decline in the last 3 days before the budget was presented. But from January 30, gold prices have seen a rise. Gold prices have increased two days before the budget is presented. There are hopes that the government can increase import duty in the budget, which was reduced by the government in the last budget. If this happens, you can see a big jump in the price of gold. So let’s know how much changes have been seen in gold and silver today

If the budget comes, why the price increased?

Gold and silver prices are increasing rapidly before the budget. Gold prices are increasing due to increasing demand from investors and common buyers. Especially due to international market instability and American policies, people are rapidly buying gold as a safe investment, causing its price to increase continuously. Experts say that if the interest rates were cut and uncertainty in the global market remains, then the prices of gold and silver may increase further. Also, their demand may increase in marriage and festive season, due to which prices can remain high.

Gold and silver prices today

Talking about today, it has been learned that the price of gold has increased by 1 thousand. At the same time, the price of silver increased on Thursday, 30 January. The price of silver has increased by Rs 100. The price of silver has reached Rs 96400 per kg.

Gold prices in these cities today

How is the price of gold decided?

Gold prices in India fluctuate due to many factors such as international market rates, import duty, taxes and rupee fluctuations. Gold is not only an investment device, but also an important part of Indian culture and tradition. Especially during weddings and festivals, its demand increases, which increases prices. People consider it a safe investment, so changes in gold prices also affect the common people.