Gold rate on Thursday have gone up following the global rates. On MCX, the gold rates have decreased by Rs. 470 while the silver rates are at Rs. 62,000 with a fall of Rs. 600. The gold rate in Delhi for 22-carat has slashed by Rs. 600 and of 24 carat gold is at Rs. 53,730 with a fall of Rs. 350. In Chennai, the gold rate was at Rs 48,360 with a fall of Rs. 290 per ten gram of 22 carat gold and that of 24 carat is at Rs. 52,790 with a fall of Rs. 300.
The gold rates in Kolkata is at Rs 49,740 per 10 gram of 22 carat with Rs. 390 decrease and the rate of ten grams of 24 carat is at Rs. 52,760 with a fall of Rs. 390. In Mumbai, the gold rates have been at Rs. 49,600 and Rs. 50,600 per ten grams of 22 carat and 24 carat respectively with a hike of Rs. 60.
Currency Exchange Rate on Oct 15, 2020
The dollar to rupee conversion has been constant since yesterday and any fluctuation today in the gold price would suggest no relation with the dollar value.
Know why Gold and Silver rate increases or decreases
Gold tends to increase when people prefer investing in gold due to inflation and concerned about the risks in the financial system. On the other hand, at times gold rates also decrease due to the fact that the fall in international markets, an increase in dollar value, and other tensions between the countries. Off late the gold prices have come down due to the US-China dispute.
How Gold rate is calculated?
As there is no specific measure for the gold and the prices differ from jeweller to jeweller. Final price of the jewellery = Price of gold X (Weight in grams) + Making charges + GST at 3% on (Price of jewellery + making charges)
How many times gold rates change in a day?
As the yellow metal gold is traded at Multi Commodity Exchange whGGolere the gold rates change at every moment in the business times. The price alter is mainly due to various factors such as political and economical issues happening in the world.
