Gold Price Today: In Indian families, gold is not just a metal but a symbol of tradition and trust. Be it a wedding, a festival, or saving for the future, people always consider gold as the safest option. It does not fluctuate like the stock market or real estate. Whenever the price rises, it lasts for a long time, and even if it falls, it is very marginal. This is the reason why gold remains the choice of people in every era.
Gold made a new record on 30 August
On August 30, such a jump was seen in the price of gold, which had not happened in the last several years. 24-carat gold became expensive by ₹ 1,640 in a single day, and its price reached ₹ 1,05,100 per 10 grams. 22 carat gold increased by ₹ 1,500 to ₹ 96,350, while 18 carat gold rose by ₹ 1,230 to reach ₹ 78,840.
This jump has come after the 50% tariff was implemented on 27 August. Since then, there has been no decline in gold. Experts say that tariffs and international market movements are pulling the prices up.
What is the price in Delhi, Mumbai, and Chandigarh
In the capital Delhi, the price of gold remained equal to the national level. Here, 24 carat gold is being sold at ₹ 1,05,100, while the price of 22 carat is ₹ 96,350 and the price of 18 carat is ₹ 78,840.
In Mumbai, the prices were slightly lower but close to the record. Here, 24 carat gold was available at ₹ 1,04,950, 22 carat at ₹ 96,200, and 18 carat gold at ₹ 78,710 per 10 grams.
The price was even higher in Chandigarh. Here, after an increase of ₹ 2,340, 24-carat gold reached ₹ 1,05,100. 22 carat gold is being sold at ₹ 96,350 and 18 carat at ₹ 78,840.
Latest prices in UP and Bihar
In Lucknow, the capital of Uttar Pradesh, 24-carat gold reached ₹ 1,05,100. The price of 22 carat was recorded at ₹ 96,350, and the price of 18 carat was recorded at ₹ 78,840.
Prices were slightly lower in Patna, the capital of Bihar. Here, 24 carat gold reached ₹ 1,05,000, 22 carat gold reached ₹ 96,250, and 18 carat gold reached ₹ 78,750 per 10 grams.
What will be the impact on common people?
For middle-class families, who are planning to buy jewellery for weddings or festivals, this increase has brought a big concern. Buying gold has suddenly become expensive, and many people are hoping that the price will come down in the coming days. But the current situation shows that gold will remain at a high level for now.
On the other hand, this is good news for investors. Those who bought gold at the beginning of the year, their return on investment has suddenly increase. This is the reason why gold is called a “safe haven asset” in every difficult time – that is, an investment that protects against inflation, currency value, and global crises.
What can happen next?
Market experts believe that the tariff imposed at the end of August has set a new minimum price for gold. Now there is very little chance of prices coming down. At the international level also, an uncertain environment and situations like trade wars are increasing the pace of gold.
That is, gold will remain a strong option for investors in the coming days as well. Although the high cost of gold may affect the jewellery buying plans of ordinary families, the Indian belief is that “gold never betrays” – and this belief keeps it shining forever.