Gold rates in India change every day according to the international gold rates. Gold rates in India have depreciated marginally today, on 26th August by Rs. 270 per 10 grams. The 22 carat gold was quoted at Rs. 46220 while 24 carat gold was quoted at Rs. 47220 per 10 grams today. Yesterday, 22 carat gold was quoted at Rs. 46490 per 10 grams.
Gold jewellery which is one of the most popular gold investment options in India is curved out from 22 carat gold. As the prices are down today, it can be a good investment opportunity.
On MCX in India, October gold future was down by 0.12% till 3.40 PM and quoted at Rs. 47124/10 grams, thereby influencing today's gold prices negatively. Gold rates on COMEX today also fell by only 0.14% as of 3.02 Eastern Time (ET), as the US dollar gained only by around 0.04%. Gold prices are inversely related to the US dollar, as the US dollar gains, gold prices will eventually slip, and vice versa.
Gold as an investment portfolio changes values every day. Although today the gold rates fell, it is only a marginal fall and investors should not worry much. Industry insiders are expecting that gold prices in the 3rd quarter of FY 22 will gain more in India. In the long term gold prices have always helped investors to strengthen their portfolios by diversifying. Now, worries about the further spread of delta variant Coronavirus that might again impact economic activities are actually stretching ways for gold.