Gold Rate Today: Mahashivratri festival is being celebrated across the country on Wednesday, February 26. On the day of Mahashivratri, the price of gold was seen. Today, the price of 24 karat gold has cost Rs 200. At the same time, the price of 22 karat gold has increased to Rs 220. In the major cities of the country, the price of 24 karat gold is trading at Rs 88,200 and 22 karat gold is trading at around Rs 80,700. Check out today's gold and silver prices.
The main reason for the rise in gold prices is the decline in the rupee and the uncertainty in the global markets. When the value of the rupee is weak, the import of gold becomes expensive in India, which increases its prices. Apart from this, festivals like Mahashivaratri increase the demand for gold, which increases its prices in the market. There is more demand for gold as a safe shelter from investors, which increases its cost.
In addition, gold prices are also rising in the international market. Investors are wary of economic uncertainty in the US and other developed countries, the possibility of change in interest rates and the upcoming policies of the Federal Reserve. For this reason, they consider them to invest in gold instead of the stock market, which is why its prices are steadily rising.
Delhi saw a slight increase in 24 karat gold. The price has reached Rs 88,250 per 10 grams, while 22 carat gold is at 80,910 rupees per 10 grams. In Mumbai, 24 karat gold is trading at Rs 80,760 and 22 carat gold at Rs 80,760 per 10 grams. Find out here in 4 major cities of the country on February 26, 2025.
On February 26, silver is priced at Rs 1,00,900 per kg. Today, silver prices have dropped by Rs 100.
The price of gold in India is changing for a number of reasons, such as foreign market prices, government taxes and changes in rupee value against the dollar. Gold is not only an investment tool but it is also an important part of our traditions and festivals. Especially in weddings and festivals, its demand is increased, which also increases its price. The wedding season is currently underway in the country.
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