In April 2023, Gold prices have moved up over 20% to Rs 60,200 from Rs 50,800 as on May 3, 2022 (Akshaya Tritiya, 2022) according to MCX.
April 22, 2023: The auspicious day of Akshaya Tritiya, which is said to bring luck and prosperity, is thought to be ideal for starting new businesses and making investments like purchasing gold. Due to the demand for the yellow metal, the price of gold has increased in India at this time.
On Friday, the price of gold in the nation increased to Rs 61,150 per 10 grams for 24 carat gold and Rs 56,050 for 22 carat gold.
The resurgence of Covid, the state of the global economy, the value of the US dollar, US-China relations, inflation, and other factors all have a significant impact on gold prices.
The price of gold in the national capital, Delhi, is Rs 61,080 for 10 grams of 24 carat gold and Rs 56,000 for 10 grams of 22 carat gold. The price of gold in Kolkata is Rs 60,930 for 10 grams of 24 carat gold and Rs 55,850 for 10 grams of 22 carat gold.
On the other hand, Mumbai charges Rs 61,930 for 10 grams of 24 karat gold and Rs 55,850 for 10 grams of 22 karat gold.
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