In the Indian bullion market, slight fluctuations have once again been seen in the trading of precious metals in the middle of the week. A slight weakness has been recorded in the price of gold, which is considered the most preferred metal for investment and jewellery, on Thursday, August 13. There was a slight increase in the prices of gold on the last trading day i.e. Wednesday, after which today there has been a partial decline in the prices due to profit-booking in the market and the influence of global signals. If you too are planning to buy gold jewelery today or are planning to invest in gold for the future, then it is very important for you to look at these latest data of major bullion markets across the country.
What is the price of gold today in major metros and states?
Minor fluctuations were recorded in gold prices in various cities of the country during Thursday's trading. In the bullion market of the national capital Delhi, the price of 24 carat gold came to Rs 1,54,150 per 10 grams, while the rate of 22 carat gold was recorded at Rs 1,41,200 per 10 grams. In Lucknow, the capital of Uttar Pradesh, 24 carat gold remained at the level of Rs 1,55,500 per 10 grams and here the price of 22 carat gold was recorded at Rs 1,42,440. Similarly, in Bihar's capital Patna, 24 carat gold was sold at Rs 1,54,400 and 22 carat gold was sold at Rs 1,41,460 per 10 grams. Talking about the country's financial capital Mumbai, the price of 24 carat gold was recorded at Rs 1,54,630 and the price of 22 carat gold was recorded at Rs 1,41,640 per 10 grams, in which a slight decline was seen.
3 main reasons behind the fall in gold prices
According to market experts and experts, three major factors are mainly considered responsible for this slight softening in gold prices. The first reason is a slight relaxation in geopolitical and West Asian tensions in the international market, due to which the demand for gold as a safe investment slows down for some time. The second major reason is the movement of the US dollar globally and fluctuations in crude oil prices, which directly affect the bullion market. The third and final main reason is profit-booking by investors at higher levels; When market prices continue to rise, investors make profits by selling, causing a slight stagnation or decline in prices.