The recent fluctuations in gold and silver prices have captured the attention of investors and consumers across the country. Over the past week, there has been no significant increase in the price of gold, following a drastic decline post the Union Budget announcement. Despite a slight uptick at one point, the overall trend has been a continuous decrease in gold prices.
In India, gold holds a special place among women, but recent estimates from the World Gold Council suggest a significant increase in gold consumption this year. The expectation is that the decrease in prices will drive up demand, leading to a substantial rise in gold purchases.
As of September 5, the prices of gold and silver in the country experienced another dip. The domestic prices stand at Rs.66,680 for 22-carat 10 grams of gold and Rs.72,750 for 24-carat 10 grams. Silver is priced at Rs.84,900 per kilogram.
Let’s take a closer look at the prices in major cities:
- Delhi: 22 carat 10 gram gold – Rs.66,830, 24 carat 10 gram gold – Rs.72,900
- Hyderabad: 22 carat 10 gram gold – Rs.66,680, 24 carat 10 gram gold – Rs.72,750
- Mumbai: 22 carat 10 grams gold – Rs.66,680, 24 carat 10 grams gold – Rs.72,750
- Chennai: 22 carat 10 gram gold – Rs.66,680, 24 carat 10 gram gold – Rs.72,750
- Bengaluru: 22 carat 10 gm gold – Rs.66,680, 24 carat 10 gm gold – Rs.72,750
- Kolkata: 22 carat 10 gm gold – Rs.66,680, 24 carat 10 gm gold – Rs.72,750
Stay tuned for further updates on the dynamic gold and silver market in India.
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