Investors are paying special attention to gold and silver prices in the backdrop of the New Year. Known as a safe investment, gold prices have been fluctuating in recent days, and on December 30, a slight decrease in gold and silver prices was recorded. Experts suggest that this could be an opportune moment for investors.
In India, on December 30, the rate of 24-carat gold is 13,924 rupees per gram, and the rate of 22-carat gold is 12,764 rupees per gram. Similarly, the rate of 18-carat gold is recorded at 10,443 rupees per gram. Accordingly, looking at the rates per 10 grams of gold, 22-carat gold is 1,27,640 rupees, 24-carat gold is 1,39,240 rupees, and 18-carat gold is 1,04,430 rupees. There has also been a fluctuation in the price of silver today. On December 30, the rate of silver in India is 257.90 rupees per gram, and per kilogram, silver has reached 2,57,900 rupees. Due to the demand from industry and jewelry, there is a continuous movement in the price of silver.
Meanwhile, on December 29, the gold rates were higher compared to today. On that day, the rate of 24-carat gold was Rs 14,121 per gram, 22-carat was Rs 12,944, and 18-carat gold was Rs 10,591. The silver rate was recorded at Rs 2,50,900 per kilogram. This means that within just one day, there was a decline in gold rates, while an increase was observed in silver rates. In major cities like Mumbai, Pune, Nagpur, Hyderabad, Kerala, and Kolkata, the rates are almost the same today. In all these cities, the rate of 22-carat gold is Rs 1,27,640 per 10 grams, 24-carat is Rs 1,39,240, and 18-carat is Rs 1,04,430.
International market developments, dollar movements, inflation, and central bank policies have a direct impact on gold and silver prices. Therefore, it is necessary to review the latest rates before buying or investing in gold. It is anticipated that due to upcoming festivals and wedding season, the demand for gold may increase, leading to a possible rise in prices.