Last Updated: February 17, 2023, 11:17 IST
Gold Prices in India: Check Latest Gold Rates in Your City.
Indian states levy further taxes on gold purchases, inflicting pricing disparities all through the nation.
Gold costs in India opened with a major downward pattern on Friday, February 17.
On the Multi Commodity Exchange (MCX) India, gold costs noticed a steep motion to the crimson and had been down by 0.55 per cent buying and selling at Rs 55,930 at 09:15 AM.
Silver futures additionally adopted in with a plunge by 0.75 per cent to achieve Rs 65,140.
Gold costs within the Indian retail market declined on February 17, with the 22-carat selection retailing at Rs 52,000 for 10 grams, down Rs 400 from Thursday.
The 24-carat sort of gold was promoting for Rs 56,730 which is a Rs 430 drop. Silver costs additionally recorded a dip within the retail sector, with one kilogram retailing at Rs 68,600, down by Rs 400.
Spot gold was down 0.3% at $1,832.42 per ounce at 0051 GMT on the worldwide market.
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Futures for U.S. gold decreased 0.6% to $1,841.00. The value of gold has dropped 1.7% this week.
With the yellow steel promoting at a value stage of Rs 52,790 for the 22-carat selection and Rs 57,590 for the 24-carat selection, Chennai has as soon as once more seen the very best gold costs within the nation.
In Delhi, 22-carat gold was offered for Rs 52,140 per 10 grams, whereas 24-carat gold was offered for Rs 56,870. In Bengaluru, gold costs had been Rs 52,040 for 22-carat gold and Rs 56,770 for 24-carat gold.
Gold costs had been uniform throughout Kolkata, Hyderabad, and Mumbai. 10 grams of 22-carat gold prices Rs 51,990, whereas 10 grams of 24-carat gold prices Rs 56,720.
Indian states levy further taxes on gold purchases, inflicting pricing disparities all through the nation. Prices for gold jewelry are sometimes larger than charges since they embody further taxes and manufacturing prices on the completed commodity.
India, which additionally imports a sizeable amount of the dear yellow steel, is without doubt one of the nations with the very best ranges of worldwide demand for it.
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