With the beginning of the new year, the price of gold is increasing. Gold becomes expensive as the day passes. If we talk about gold prices on January 27, today there has been a brake on the rise of gold. The price of gold has declined. The effect of weakness in global markets has also been seen on Indian markets.

How much is the price of gold?

24 carat gold is known for its purity and quality. At the same time, 22 carat gold remains the first choice of jewelers due to its strength. On Monday, 24 carat gold was trading around Rs 82,400 per 10 grams and 22 carat gold was trading around Rs 75,500 per 10 grams in major cities. Last week, gold reached near record levels. Thus today the price of gold has fallen by Rs 10.

Gold prices in these cities?

Silver also became cheaper

On Monday, the price of silver fell by Rs 100 to Rs 97,400 per kg. Silver prices have declined due to weak domestic demand. Gold prices reached a record high last week, but silver prices are trading in a tight range.

How is the price of gold determined in India?

Gold prices in India depend on the international market, import duties, taxes and the value of the rupee. All these factors decide the price of gold. In India, gold is not just an investment item, it also has cultural and traditional significance. The demand for gold increases significantly during weddings and festivals, which also affects its price.