Gold Rate Today In India: On August 10, gold prices in India hovered near Rs 70,000 per 10 grams. This rate includes a premium for the highest purity gold, with 24-carat gold priced at Rs 70,310 per 10 grams. For those interested in jewellery, 22-carat gold, which is more durable due to its slight alloy mix, was priced at Rs 64,450 per 10 grams.

Meanwhile, silver’s price stood at Rs 83,100 per kilogram.

Gold rate today in India: Retail gold price on August 10

Check gold rates today in different cities on August 10, 2024; (In Rs/10 grams)

Retail Cost of Gold in India

The retail price of gold in India, which represents the final cost per unit weight for consumers, is shaped by multiple factors beyond its intrinsic value.

Gold is deeply embedded in Indian culture, acting as a key investment and holding significant importance in traditional weddings and festivals.

As market conditions continue to shift, investors and traders keep a close watch on these trends. Stay tuned for more updates on this developing story.

Custom Duty on Gold

Recently, the government reduced customs duties on several products, including gold and silver.

The basic customs duty (BCD) on coins made of precious metals, gold and silver findings, and gold and silver bars, was lowered from 15 percent to 6 percent. For gold and silver dore, the duty was reduced from 14.35 percent to 5.35 percent.

India’s dependence on imported gold significantly affects domestic prices, which closely follow global trends. Furthermore, the cultural significance of gold in India, especially during festivals and weddings, is key in influencing demand levels.

Gold Rate Today In India: On August 06, gold prices in India hovered near Rs 70,000 per 10 grams. This rate includes a premium for the highest purity gold, with 24-carat gold priced at Rs 70,570 per 10 grams. For those interested in jewellery, 22-carat gold, which is more durable due to its slight alloy mix, was priced at Rs 64,690 per 10 grams.

Meanwhile, silver’s price stood at Rs 85,400 per kilogram.

Gold rate today in India: Retail gold price on August 06

Check gold rates today in different cities on August 06, 2024; (In Rs/10 grams)

Retail Cost of Gold in India

The retail price of gold in India, reflecting the final cost per unit weight for consumers, is influenced by various factors beyond the metal’s intrinsic value.

Gold holds immense cultural importance in India, serving as a major investment and playing a crucial role in traditional weddings and festivals.

Amid ongoing market fluctuations, investors and traders closely monitor these dynamics. Stay tuned for further updates on this evolving story.

Custom Duty on Gold

The government recently slashed customs duties on various products, including gold and silver.

The basic customs duty (BCD) on coins of precious metals, gold/silver findings, and gold and silver bars was reduced to 6 per cent from 15 per cent. It was cut to 5.35 per cent from 14.35 per cent for gold and silver dore.

India’s reliance on imported gold largely influences domestic prices, which closely mirror global trends. Additionally, the cultural importance of gold in India, particularly during festivals and weddings, can impact demand levels.

Gold Rate Today In India: On August 2, gold prices in India hovered near Rs 70,700 per 10 grams. The price of 24-carat gold on Friday increased by Rs 860 to Rs 70,690 per 10 grams. For those interested in jewellery, 22-carat gold, which is more durable due to its slight alloy mix, also rose by Rs 790 to Rs 64,800 per 10 grams.

Meanwhile, silver’s price also rose by Rs 600 to Rs 87,200 per kilogram.

Gold rate today in India: Retail gold price on August 02

Check gold rates today in different cities on August 02, 2024; (In Rs/10 grams)

‘Gold, Silver To Remain Volatile’

Gold and silver showed significant price volatility, gaining in the early trading session but unable to sustain higher levels. Heightened tensions in the Middle East, following an air strike in Iran and Lebanon that killed top Hamas and Hezbollah officials, bolstered the safe-haven demand for gold. US economic data released on Thursday was mixed; jobless claims surged to 249,000 from the previous 235,000, marking the highest level since August 2023. The US flash manufacturing PMI data was disappointing, reflecting the lowest reading since November 2023, which pressured silver prices lower, said Rahul Kalantri, vice-president (commodities) at Mehta Equities.

“We expect gold and silver prices to remain volatile in today’s session ahead of the US job data release. Gold has support at $2422-2405 and resistance at $2458-2474. Silver has support at $28.10-27.90 and resistance at $28.64-28.80. In INR, gold has support at Rs 69,650-69,410 and resistance at Rs 70,290-70,550. Silver has support at Rs 82,020-81,450 and resistance at Rs 83,090-83,640,” Kalantri added.

Custom Duty on Gold

The government recently slashed customs duties on various products, including gold and silver.

The basic customs duty (BCD) on coins of precious metals, gold/silver findings, and gold and silver bars was reduced to 6 per cent from 15 per cent. It was cut to 5.35 per cent from 14.35 per cent for gold and silver dore.

India’s reliance on imported gold largely influences domestic prices, which closely mirror global trends. Additionally, the cultural importance of gold in India, particularly during festivals and weddings, can impact demand levels.

Retail Cost of Gold in India

The retail price of gold in India, reflecting the final cost per unit weight for consumers, is influenced by various factors beyond the metal’s intrinsic value.

Gold holds immense cultural importance in India, serving as a major investment and playing a crucial role in traditional weddings and festivals.

Amid ongoing market fluctuations, investors and traders closely monitor these dynamics. Stay tuned for further updates on this evolving story.

Gold Rate Today In India: On July 30, gold prices in India hovered near Rs 70,000 per 10 grams. This rate includes a premium for the highest purity gold, with 24-carat gold priced at Rs 69,170 per 10 grams. For those interested in jewelry, 22-carat gold, which is more durable due to its slight alloy mix, was priced at Rs 63,410 per 10 grams.

Meanwhile, silver’s price stood at Rs 85,100 per kilogram.

Gold rate today in India: Retail gold price on July 30

Check gold rates today in different cities on July 30, 2024; (In Rs/10 grams)

The government recently slashed customs duties on various products, including gold and silver.

The basic customs duty (BCD) on coins of precious metals, gold/silver findings, and gold and silver bars was reduced to 6 per cent from 15 per cent. It was cut to 5.35 per cent from 14.35 per cent for gold and silver dore.

India’s reliance on imported gold largely influences domestic prices, which closely mirror global trends. Additionally, the cultural importance of gold in India, particularly during festivals and weddings, can impact demand levels.

Retail Cost of Gold in India

The retail price of gold in India, reflecting the final cost per unit weight for consumers, is influenced by various factors beyond the metal’s intrinsic value.

Gold holds immense cultural importance in India, serving as a major investment and playing a crucial role in traditional weddings and festivals.

Amid ongoing market fluctuations, investors and traders closely monitor these dynamics. Stay tuned for further updates on this evolving story.