There are reports that if the Israel-Hamas conflict continues, the price of gold may jump again. There are reports that if the conflict escalates and Iran joins the war, the price of gold will move to an all-time high. Observers point out that the price will rise up to 2,080 dollars per troy ounce. Gold prices may rise further due to the problems in the Middle East and rising risk in potentially loss-making investments.
Gold prices in Indian cities may vary depending on factors such as state taxes and other charges. The price of gold in the international market and the exchange value of the dollar are factors that directly affect the price of gold in the state.
Gold prices have dropped in major cities including Delhi today. 56,840 for 10 grams of 22 carat gold. 61,990 for ten grams of 24 carat gold.
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Silver price in the capital city is Rs 75,300 per kg. At the same time, the uncertainty in the international market is also reflected in the price of gold. This is the reason why the price has remained stable for the past few days. Despite being the wedding season, gold prices have been fluctuating for the past two months. 60,000 rupees for ten grams of 24 carat gold in various cities. 55,000 for 10 grams of 22 carat gold.
The unexpected Israel-Hamas conflict was the reason for the gold price to break the record in Kerala as well. The price rose to Rs 45,920 per gram and Rs 5,740 per gram. Gold prices hit record highs on October 28 and 29.