Gold crosses Rs 1.5 lakh, how much has the price increased from 24 to 18 carat? Know complete details

Gold-Silver Rate : Today, a slight increase in gold prices has been recorded across the country. Prices have increased in all three categories, 24 carat, 22 carat and 18 carat. Today, 24 carat gold per gram has reached Rs 15,131, which is Rs 213 more than the previous day.

At the same time, the price of 22 carat gold has increased by Rs 195 to Rs 13,870 per gram. Similarly, 18 carat gold is also trading at Rs 11,348 per gram with an increase of Rs 159. Many global and domestic reasons are being cited behind the increase in gold prices.

weakness in US dollar

At the same time, the dollar has weakened in the international market and has fallen below the level of 98. Due to fall in dollar, gold becomes relatively cheaper for foreign buyers, due to which both its demand and price are seen increasing.

Increasing demand for safe investments

Despite reports of some progress in peace talks between America and Iran, there remains uncertainty at the global level. In such an environment, to avoid risk, investors are withdrawing money from the stock market and turning to safe investment options, in which gold is the main one.

concern about inflation

There is still concern about inflation in the global economy. Gold has long been considered a safe investment against inflation, which is why its purchase has increased.

increase in domestic demand

Due to the wedding season, the demand for gold has increased in the retail markets of the country, the direct impact of which is visible on the prices. A rise has also been recorded in the price of silver. Today silver has reached Rs 265 per gram and Rs 2,65,000 per kg, which is Rs 10 and Rs 10,000 more respectively than the previous day. The same rates remain the same in big cities like Mumbai, Delhi and Kolkata.

According to market experts, silver prices in India are determined by the international market and the dollar-rupee exchange rate also plays an important role in it.