Gold-Silver Price: Gold broke the traditional trend even in Pitru Paksha; investors' pockets may be heavy

Gold-Silver Price: Today, on September 11, Thursday, the price of gold saw a slight rise. The rate of 22 carat gold is trading above Rs 1,00,000 in the country and the price of 24 carat gold is trading above Rs 1,10,000 per 10 grams. Pitru Paksha is going on at this time. According to the trend of past years, people buy less gold during Shradh, which usually leads to a decline in gold. But this time the effect of the international market pushed the prices of gold up as compared to domestic reasons.

Slight fall in silver rate

Silver price closed at Rs 1,29,900 per kg today. On Thursday, the price of silver saw a decline of Rs 100, while on Wednesday it was Rs 1,30,000 per kg.

Gold price today 11 September

Reasons for rise in gold prices

Dollar weakness: The US dollar index has reached its lowest level in the last 7 weeks. With the dollar weakening, investors are moving towards gold for safe investment.

Interest rate cut expected: Central banks around the world are expecting interest rate cuts in the coming months. This is increasing the demand for gold as low interest rates make gold more attractive.

Central bank purchases: Central banks of many countries are constantly buying gold, which has led to a surge in gold prices in the international market.

How is the price of gold decided in India?

The price of gold in India depends on many factors such as

Political instability

International gold price

Import duty and tax

Dollar-rupee exchange rate

Domestic demand, such as weddings, festivals and investments

Due to all these factors, the rate of gold keeps changing daily. In India, gold is not only important for jewelry but is also considered a major means of investment and savings.

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