As investors keep a keen eye on global economic indicators and geopolitical developments, the price of gold remains a pivotal point of interest. Gold, often viewed as a safe-haven asset, tends to see increased demand during times of economic uncertainty or inflationary pressures. Todays gold prices reflect a confluence of factors, ranging from macroeconomic trends to geopolitical tensions.As of today, gold prices stand at Rs 74,222 per 10 grams with a purity of 999 gold. Whereas, silver has seen a rise of approximately Rs 6,000 taking it to Rs 92,444. This figure represents a snapshot of the markets sentiment and reflects the intricate balance between supply and demand dynamics.The price of gold in India today is Rs 6,830 per gram for 22-karat gold and Rs 7,451 per gram for 24-karat gold (also called 999 gold). Meanwhile, according to the experts, the global economy is one of the primary drivers in influencing gold prices. In times of economic instability, investors flock to gold as a store of value, driving up its price. Conversely, during periods of economic prosperity, gold prices may experience downward pressure as investors allocate funds to riskier assets.In addition to several other factors, central bank policies and monetary decisions exert considerable influence on gold prices. Expansionary monetary policies, characterized by low interest rates and quantitative easing measures, often lead to inflationary concerns, prompting investors to hedge their portfolios with gold.Furthermore, the performance of major currencies, particularly the US dollar, has an inverse relationship with gold prices. A weaker dollar typically boosts gold demand, as it becomes cheaper for foreign investors holding other currencies. Conversely, a stronger dollar can suppress gold prices.(Disclaimer: This information has been collected from various mediums and has been presented to you. Please consult experts while making related decisions. TopIndianNews does not hold accountability for this information.)
