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Gold Rate Today in Kadapa: Price Today for 22 Kt & 24Kt Gold Rate In Kadapa

Thursday, 20th June 2024
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10g of 24K gold in Indian Rupee

₹ 73,320

10g of 22K gold in Indian Rupee

₹ 67,210

Gold Rates: Why should one invest in Gold Rate in kadapa?

Are you an investor? If you are, you’ll know that investors often find themselves fascinated with a metal called gold that has been there for centuries. Its allure goes beyond its appealing beauty, extending into the financial investments where its price movements are influenced by an interplay of several factors. Find out todays gold rate in kadapa here!

What is the Gold Rate Today in kadapa?

Gold price in kadapa has seen a change since yesterday. As of 20 June, 2024, the prevailing gold rate per gram in kadapa is 6,721 Rupees. After you’ve got to know todays gold rate in kadapa must also note the reasons for the fluctuation of this rate.

Compare Carat Gold Price Per Gram in kadapa (INR) (Today and yesterday)

Weight K Today K Yesterday Price Change
1 gram 6,7216,711₹(+10)
8 gram 53,76853,688₹(+80)
10 gram 67,21067,110₹(+100)
100 gram 672,100671,100₹(+1000)

Gold Rate in kadapa for Last 7 Days

Date 22K 24K
1gm 10gm 1gm 10gm
20-06-2024₹6,721 (+10)₹67,210 (+100)₹7,332 (+10)₹73,320 (+109)
19-06-2024₹6,711 (-49)₹67,110 (-490)₹7,321 (-54)₹73,210 (-535)
18-06-2024₹6,760 (-33)₹67,600 (-330)₹7,374 (-36)₹73,745 (-360)
17-06-2024₹6,793 (+95)₹67,930 (+950)₹7,410 (+103)₹74,105 (+1036)
16-06-2024₹6,698 (+83)₹66,980 (+830)₹7,306 (+90)₹73,069 (+905)
15-06-2024₹6,615 (+30)₹66,150 (+300)₹7,216 (+32)₹72,163 (+327)
14-06-2024₹6,585₹65,850₹7,183₹71,836

But What Are Gold Rates Exactly?

Gold prices refer to the cost of one ounce of gold and are determined by various factors. These factors include supply and demand, economic stability, and geopolitical events. Gold is often seen as a safe-haven investment during times of uncertainty, causing prices to rise.

Conversely, economic growth and stability may lead to lower gold prices. So, the fluctuations in gold prices essentially reflect the complex dance between global events and market dynamics.

Gold Rate’s Correlation to Inflation

Common wisdom suggests that gold serves as a hedge against inflation. The idea is intuitive – as paper currency loses value due to increased printing, gold, with its relatively constant supply, should appreciate. However, the reality is that gold’s correlation to inflation is weak. In fact, during periods of rising inflation, such as in 2022, gold prices declined, challenging the conventional belief.

Despite the common belief in gold as an inflation hedge, its correlation to inflation is more nuanced. While it may act as a hedge in some instances, like during economic uncertainty, it doesn’t consistently perform as expected during inflationary periods.

The complex relationship between gold and inflation involves various economic factors, including interest rates and investor sentiment. This means that while gold can offer a level of protection in certain economic scenarios, relying solely on its historical relationship with inflation might not always align with market realities.

Gold as a Risk On/Risk Off Asset

Gold’s status as a “safe-haven” asset in times of economic uncertainty is well-known. However, it’s crucial to recognize the dual nature of gold as both a beneficiary and casualty of market sentiment. In times of mild market volatility, gold may rise, but during extreme risk-off scenarios, it can decline alongside other commodities as investors seek safer alternatives like U.S. Treasuries.

In their research, Erb and Harvey highlight gold’s positive price elasticity, indicating that increased demand, regardless of economic conditions, drives its price up. This unique characteristic sets gold apart, making it sensitive to investor sentiment rather than fundamental economic factors.

Supply Factors in Gold Rates

Gold, unlike consumable commodities, is not consumed. The majority of gold ever mined is still in existence, and daily mining activities contribute to its continuous supply. However, jewellery demand plays a significant role in offsetting the potential oversupply. When prices are high, jewellery demand tends to decline relative to investor demand, acting as a stabilising force in the market.Supply dynamics play a crucial role in understanding gold prices. Unlike consumable commodities, gold remains largely intact and is not consumed. The cumulative amount of gold mined throughout history remains part of the global supply. Daily mining activities contribute to this continuous supply, but the interplay with demand, particularly from the jewellery sector, is vital.

During periods of high gold prices, jewellery demand often decreases compared to investor demand, serving as a balancing factor that helps mitigate potential oversupply pressures in the market. This delicate equilibrium between continuous mining and varying consumer demands contributes to the intricate nature of gold price fluctuations.

Future Trajectory of gold rate today in Ahmedabad

Gold prices have been moving higher since 2019. With the worries of US Federal Reserve hiking interest rates reducing in the past few years has helped gold prices. In line with world markets, Gold prices in Ahmedabad have also shown a healthy upward trend. There have been historically two factors that lead to an increase in gold rates. One is the risk aversion with investors largely selling equities and buying gold, after a stupendous rally in share prices over the past few years.

Secondly, investors have also largely been diversifying their portfolio, which increased the prices in the last few years. However, we believe that there is a potential for some more traction, though a runaway rally in gold can be ruled out. The major damage to gold prices would come from the US Federal Reserve, which can face a recession coming soon.

But it is always tricky to predict gold prices. We can just give you certain trends that can help you determine gold prices. First, there is the real and continuous threat of interest rates rising. When that happens it is not good news for gold. The other is that the dollar is gaining against a basket of currencies. This is not a good thing for gold prices in Ahmedabad. One more important factor that we should remember is that gold rates in Ahmedabad also depend a lot on how the government places taxes, which are very important for gold rates in Ahmedabad.

Frequently Asked Questions (FAQs)

Do Gold Prices change on a daily basis?

Yes, gold prices fluctuate on a daily basis. As the gold price is linked to the international gold prices.

Yes, the gold rate differs in all cities. The price of gold is slightly different in every city in India.

You can buy gold in India from any jeweler or you can purchase gold from banks as well. Investing in gold coins is a safer option of investment as it reduces the transaction costs. 

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