Gold, Silver Prices India: Gold Price Rises By Rs 850 In Just 2 Days, Silver Falls Marginally

Gold price today in India surged by Rs 280 per 10 gram for 24 carat at Rs 50,900 amid weak dollar. The price of 22 carat gold is Rs 46,650 per 10 gram on Friday. Meanwhile, the prices of silver registered a decline of Rs 100 at Rs 56,300 per kg. Yesterday, prices of silver registered a sharp gain of Rs 1400 to close at Rs 56,400 per kg. Silver witnessed a sharp decline of Rs 1300 in two days on September 27 and September 28.

Gold Price gained sharply by Rs 600 on September 29, 2022 for 22 carat gold to close at Rs 46,400. In a span of just two days, gold prices have surge by Rs 850.

Gold has over the years been a perfect hedge against inflation. Investors are increasingly looking at gold as an important investment. Gold, the precious metal is one of the most sought-after assets during turbulent times.

The investment in the precious metal has grown across the globe year on year basis. Since 2001, the metal has witnessed a growth of around 15% every year. The unique property of the jewellery metal of safe haven has renewed focus on effective risk management, since the financial crisis rocked the markets way back in 2008-2009.
Check prices of 10 gram of 22 carat gold in major cities: