As winter's chill arrives and your skin begins to lose its natural radiance, saffron, or kesar as it's affectionately known in Indian kitchens, comes to the rescue like liquid sunshine. Regarded for centuries as a royal beauty potion, this golden spice has been integral to India’s skincare tradition since the era of queens and empresses. Since the text provided is just "From Indian," I am unable to paraphrase it while maintaining the same word count and language. If you provide a longer text or additional context, I'll be happy to help with a paraphrase. households to Mughal courts, saffron has always been valued not merely as a cooking joy but also as an everlasting secret for glowing, youthful skin. Currently, as skincare enthusiasts return to natural solutions, saffron has reclaimed its position in face masks, serums, and DIY recipes. But what makes this spice so magical for your skin, and how exactly should you use it during the dry winter month? Let break i...
Gold Prices in India Today Recover After Rs.70,500/100g Decline; Verify 24K, 22K, 18K Rates On Oct 24; Silver Drops
Gold prices in India recovered today following a drop over the last six sessions. In the past few days, gold dropped approximately 7% from its peak but is currently exhibiting signs of recovery. Prices in key cities surged today, disheartening retail consumers amid the ongoing holiday season. Due to high demand for gold and silver during this time, experts think that gold prices in India may keep increasingly.
At the same time, global gold prices declined on Friday and have decreased by approximately 3% throughout this week. The US dollar index increased, creating strain on precious metals. Spot gold is presently priced over $4100 an ounce.
Gold Rate in India Today
On October 24th, the price of 24-carat gold in India jumped by Rs.380 per 10 grams, reaching Rs.125,460 per 10 grams. Today, the prices of 22-carat gold rose by Rs. 350 and priced at Rs. 115,000 for every 10 grams. Likewise, the 18-carat gold price today rose by Rs 280 for every 10 grams, reaching Rs 94,090.
In this manner, the 100 grams of 22-carat gold is valued at Rs 11,50,000 after increasing to Rs 3500. Currently, the retail price of 24-carat gold in India for 100 grams is Rs. 12,54,600 which increased by Rs 3,800.
Silver Rates in India Today Silver prices in India have dropped consecutively over the past few days, decreasing approximately 17.8% from the all-time high. At present, 1 kg of silver in India is priced at Rs 1,56,000, having decreased by Rs 3000. In India, the price of 100 g of silver is Rs 15,600 after an increase of Rs 300.
Market Forecast for Gold Prices
A report from Way to Wealth Brokers Pvt Ltd indicates that "Gold prices increased to approximately $4,120 per ounce on Thursday, recovering after a two-day decrease as trade conflicts, new US sanctions on Russia, and anticipated Fed rate cuts heightened demand for safe-haven assets." Nonetheless, the metal stayed roughly 6% under its latest peak due to profit-taking after consecutive record highs.
"From a technical perspective, MCX Gold has experienced a significant pullback from its peak levels." This retracement came after a vigorous surge that lasted over a month. Following the development of a bearish engulfing pattern, MCX Gold has seen a significant drop. It is priced beneath the 10 DEMA line and has established strong support at the 20 DEMA line. RSI has experienced a significant decline and stays under 57.70. Current resistance is found at 124,600, whereas support is identified at 122,300. "Bulls need to be careful and should hold off on starting new positions until robust support levels are confirmed," the report noted.
MCX Gold and Silver Futures Update Gold futures rates at the Multi Commodity Exchange fell on Oct 24. Gold futures, set to mature on December 5th, fell by 0.61% and are now trading at Rs. 123,353 for every 10 grams. In the same vein, silver futures set to expire on December 5th decreased by 1.22% to be priced at Rs. 1,46,700.
Spot Gold Prices & Spot Silver Price Today
Reuters reported in its most recent commodity update that "Spot gold decreased by 0.2% to $4,118.68 per ounce as of 0315 GMT." Bullion has decreased by 3% this week, on track for its largest weekly percentage decline since mid-May. December gold futures in the U.S. dropped 0.3% to $4,133.40 per ounce. Spot silver dropped 0.6% to $48.62 an ounce.
Gold Rates Today by City Major Indian cities
such as Chennai, Mumbai, Bangalore, and Hyderabad experienced an increase in gold rates today. Here’s the current city-wise information on 22-carat and 24-carat gold prices as of October 24th.
Gold Rate In Chennai The 24-carat gold price in Chennai was Rs. 1,25,460 for every 10 grams, while the price of 22-carat gold in Chennai is Rs. 90,450 for every 10 grams. The 24-carat
Gold rate in Bangalore is Rs. The 22-carat gold price in Bangalore is presently Rs. 1,25,460 for 10 grams. 90,450 for every 10 grams.
Gold Rate In Hyderabad The price of 24K gold in Hyderabad is Rs. 1,25,460 for 10 grams, and in Hyderabad, the 22K gold price is Rs. 90,450 for every 10 grams. Gold
Price In Mumbai The rate for 22-carat gold in Mumbai stands at Rs. 98,680 for every 10 grams, while the price of 24-carat gold in Mumbai stays at Rs. 1,25,460 for every 10 grams
Disclaimer: The opinions and suggestions given are exclusively those of the individual analysts or organizations and do not represent the opinions of Goodreturns.in or Greynium Information Technologies Private Limited (collectively referred to as "we"). We do not assure, support or assume responsibility for the precision, thoroughness, or dependability of any information, nor do we offer any investment guidance or encourage the buying or selling of securities. All information is intended for informational and educational purposes solely and must be independently confirmed by licensed financial advisors before making any investment choices.
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