Gold Rate Today: Gold prices in India in amid the raging conflict in West Asia that began on February 28 with US-Israeli attacks on Iran.
Normally, gold rises during wars because investors move money to “safe-haven” assets. However, the dollar has remained strong this time, making gold expensive for countries and reducing demand.
As festive shopping for occasions such as Eid, Ugadi, Gudi Padwa, and Navratri is around the corner, the ; however, they declined today, Wednesday, March 18.
The 24-karat gold, recognised for its purity and greater value, is mainly bought for investment purposes, whereas 22-karat and 18-karat gold are chiefly utilised in the creation of jewellery.
The rate for 24K gold stands at ₹15,775 per gram, showing a decline of ₹33, while 22K gold is priced at ₹14,460 per gram with a decrease of ₹30. Similarly, 18K gold is available at ₹11,831 per gram, down by ₹25.
Source: Good Returns
Source: Good Returns
International market pricing, import fees, taxes, and currency rate variations are the primary influences on gold prices in India. These factors combine to influence daily gold rates across the country. The blockage of the Strait of Hormuz has led to an increase in crude oil and fuel prices, influencing gold and silver prices as well.
