Gold Rate Update: There are numerous factors that influence gold prices in India. The most prominent of them are the geopolitical tensions that exist inside and surrounding the region. Gold prices rose dramatically at first, but plummeted sharply again when investors saw equity shares were outperforming gold and sold into it. Gold prices in India today are Rs 5,410 per gramme for 22k, and Rs 5,902 per gramme for 24k, commonly known as 999 gold.
Gold Rate Update on MCX
Gold prices have fallen on the Multi Commodity Exchange (MCX). On the MCX, gold futures expiring on August 4, 2023 were trading at Rs 58526 per 10 grammes, down 0.26 percent. Silver futures, which expire on September 5, 2023, climbed 0.33 percent to Rs 69955 per kg on the MCX. To begin, it is critical to remember that the pricing of normal gold and hallmarked gold are the same. When you receive a hallmarked gold rate, no additional fees are imposed. When normal gold is sold, the price is the same. The only difference is that when you buy ordinary gold, its purity is guaranteed.
Gold, Silver prices in major cities
CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
NEW DELHI | Rs 54,600 | Rs 72,800 |
MUMBAI | Rs 54,450 | Rs 72,800 |
KOLKATA | Rs 54,450 | Rs 72,800 |
CHENNAI | Rs 54,950 | Rs 76,200 |
How the rated of gold changes in India ?
Gold prices in India are impacted by a variety of factors, including local taxes, currency volatility and worldwide gold prices. However, international costs are the single most important factor driving increasing gold prices. When gold prices rise on a worldwide scale, gold rates in India fluctuate.
The price of gold will never be the same as yesterday’s price. On a Sunday, however, there is no trading, therefore gold prices in India remain the same.
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