look news india
With the start of the new year, the price of gold is increasing. As the day passes, gold becomes expensive. Talking about the prices of gold on 28 January, today the boom of gold has taken a break. The price of gold has declined. The impact of weakness in global markets has also been seen on Indian markets.
Gold became cheaper!
Gold fell for the second consecutive day on Tuesday. There is some improvement in gold prices before the budget is presented. On January 28, the price of 10 grams 24 carat and 22 carat gold has fallen by Rs 230. Gold prices remained soft due to weakness in global markets and slight decline in demand in the domestic market.
24 and 22 carat gold prices
On Tuesday, the price of 24 carat gold in major cities was Rs 82,200 per 10 grams, while the price of 22 carats was trading at around Rs 75,300. Last week, gold reached close to record levels. However, since then some improvement in gold has been observed. 24 carat gold is known for its purity and quality. While 22 carat gold is known for its strength. Jewelers make 22 carat gold jewelery.
Gold prices in these cities?
| City name | 22 carat gold | 24 carat gold |
| Delhi | 75,540 | 82,390 |
| Chennai | 75,390 | 82,240 |
| Mumbai | 75,390 | 82,240 |
| Kolkata | 75,539 | 82,240 |
| Ahmedabad | 75,150 | 81980 |
| Surat | 75,150 | 81,980 |
Silver prices fell
On Tuesday, January 28, there was an improvement of Rs 1,000 in silver prices. The price of silver has come down by Rs 1000 to Rs 96400 per kg. Silver prices have declined due to weak domestic demand.
How is the price of gold fixed in India?
Gold prices in India depend on the international market, import duty, tax and value of rupee. All these factors fix the price of gold. Gold is not just an investment item in India, it also has cultural and traditional importance. During weddings and festivals, the demand for gold increases considerably, which also affects its price.