On October 25, 2024, gold and silver prices in India are as follows:
24-Carat Gold: ₹79,460 per 10 grams
22-Carat Gold: ₹72,840 per 10 grams
Silver: ₹1,01,900 per kilogram
In major cities across India, gold prices are:
Delhi:
22-Carat: ₹72,990
24-Carat: ₹79,610
Mumbai:
22-Carat: ₹72,840
24-Carat: ₹79,460
Ahmedabad:
22-Carat: ₹72,890
24-Carat: ₹79,510
Chennai:
22-Carat: ₹72,840
24-Carat: ₹79,460
Kolkata:
22-Carat: ₹72,840
24-Carat: ₹79,460
In July, gold and silver prices experienced a notable correction of 7% in local markets after the government reduced the basic customs duty on gold and other metals. However, prices have since rebounded, driven by increased consumer demand during the festival season, expectations of potential interest rate cuts in the United States, and rising geopolitical tensions.
The retail price of gold per gram is affected by various factors, including economic conditions, geopolitical events, and supply-demand dynamics. In India, the final cost consumers pay incorporates not only the market value but also import duties, taxes, and currency exchange rates.
Gold holds significant cultural importance in India, serving as both a popular investment and a key component in weddings and festivals. As market conditions continue to evolve, investors and traders are advised to stay informed on these trends for further updates.
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