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Gold prices have dropped by ₹630 ahead of Akshaya Tritiya, a festival known for its high demand for gold purchases. As of today, the precious metal has seen a decline in rates, offering potential buyers an opportunity to make purchases at a slightly lower price.
Akshaya Tritiya: Latest Rates Today Gold continues to be a highly attractive investment choice, offering both stability and growth potential. As a tangible asset, it acts as a powerful hedge against inflation, safeguarding the value of your wealth even during economic fluctuations. Today, investors are once again turning to gold for its long-standing role in preserving financial security.
Akshaya Tritiya: Latest Rates Today Gold prices experienced a decline across India on Tuesday. The cost of 24-carat gold dropped to ₹97,693 per 10 grams, while 10 grams of 22-carat gold was priced at ₹89,563.
Akshaya Tritiya: Latest Rates Today As of today, gold prices in India have shown some variations across major cities. In Delhi, the price of 10 grams of 22-carat gold stands at ₹89,563, while 24-carat gold is priced at ₹97,693 for the same weight.
In Mumbai, India’s financial capital, the rates are slightly different. Here, 24-carat gold costs ₹97,547 per 10 grams, while 22-carat gold is priced at ₹89,417 for the same quantity. Akshaya Tritiya: Latest Rates Today
These price fluctuations are driven by various market factors, including demand, international gold rates, and local taxes. Always check with your local jeweler for the most up-to-date pricing.Actor Rohit Basfore, Known for ‘Family Man 3’, Found Dead Near Waterfall in Guwahati: Police
Akshaya Tritiya: Latest Rates Today
In Chennai, the prices for 24 carat and 22 carat gold are ₹97,541 per 10 grams and ₹89,411 per 10 grams, respectively.
Gold remains a popular and attractive investment option, valued for its stability and potential to safeguard wealth. Among the different types of gold, 24 carat is the purest, with a purity of 99.99%. This makes it highly sought after for those looking to invest in the most unadulterated form of gold.
On the other hand, 22 carat gold is composed of 22 parts gold and 2 parts other metals like copper or zinc. This combination gives 22k gold a slightly lower purity, but it is commonly used in the creation of jewellery due to its strength and durability.
Gold Prices Decline as U.S. Trade Tensions Ease
Gold prices saw a drop on Tuesday as easing trade tensions between the U.S. and its global trading partners reduced the metal’s appeal as a safe-haven asset. Investors are now awaiting upcoming U.S. economic data to gain insights into the Federal Reserve’s future policy direction.
As of 0619 GMT, spot gold was down by 0.8%, trading at $3,314.65 per ounce. Meanwhile, U.S. gold futures lost 0.7%, dropping to $3,324.20. This decline comes as the market focuses on the potential implications of U.S. economic data for the central bank’s monetary policy decisions.
The risk environment has shown noticeable improvement recently, as market participants express optimism that the worst of the trade tensions may be behind us. Positive rhetoric surrounding potential trade deals has further buoyed investor sentiment. Akshaya Tritiya: Latest Rates Today
According to IG market strategist Yeap Jun Rong, “The risk environment has clearly improved recently, with market participants buoyed by optimism that the worst of the trade tensions may be behind us amid encouraging rhetoric around trade deals.” Akshaya Tritiya: Latest Rates Today
Adding to the positive outlook, U.S. Treasury Secretary Scott Bessent noted on Monday that several key trading partners have presented “very good” proposals aimed at avoiding U.S. tariffs. India is expected to be one of the first countries to finalize such a deal.
China’s recent decision to exempt certain U.S. goods from its retaliatory tariffs signals a potential shift towards de-escalating trade tensions, according to Bessent. This move indicates a willingness to ease the ongoing trade dispute, offering a possible path for renewed negotiations and stability in international trade relations.
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