Tag Archives: gold rate today

Today’s Gold Rate may hit Rs 34,000 mark by Diwali 2018

Today’s Gold rates are likely to rise up to Rs 34,000 per 10 grams level during Diwali mainly on the back of depreciating rupee and geo-political concerns, according to analysts.

Gold prices are likely to hold in the range of Rs 30,000-34,000 per ten grams until Diwali in the domestic market, and internationally the yellow metal might be in USD 1,260-1,400 an ounce level, Commtrendz Risk Management director Gnanasekar Thiagarajan told PTI here.

“Price would have absorbed the effect of rate hikes and rate hikes would only confirm inflationary expectations, which could increase the appeal for bullion as an inflationary hedge then. And with domestic currency poised to weaken further prices could test previous highs around Diwali,” he added.

Gold Rate Today In India – Things to Consider Before Buying Gold in India

When you consider India, gold isn’t what essentially first rings a bell. Be that as it may, it’s a standout amongst the most looked for after things there and Indians worship it. Gold is a piece of each Indian family unit and is a basic piece of religious functions. It’s usually purchased as a type of speculation because of its regularly expanding cost. There’s no greater materialistic trifle than gold! Furthermore, the gold isn’t the standard 18 karats either. Its vast majority is a fine 22 karats, with a profound yellow glimmer. In case you’re thinking about how to purchase gold in India, take a read of this guide.