Gold Rate Today Falls In India: Check 22 Carat Price In Your City On August 09

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Gold rate today in India on August 09, 2024.

Gold rate today in India on August 09, 2024.

Gold rate today: Stay informed with the latest gold prices today across different cities in India

Gold Rate Today In India: On August 09, 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 69,260 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 63,490 per 10 grams.

Meanwhile, silver’s price stood at Rs 81,900 per kilogram.

Gold rate today in India: Retail gold price on August 09

Check gold rates today in different cities on August 09, 2024; (In Rs/10 grams)

City 22 Carat Gold Rate Today 24 Carat Gold Rate Today
Delhi 63,640 69,410
Mumbai 63,490 69,260
Ahmedabad 63,540 69,310
Chennai 63,290 69,050
Kolkata 63,490 69,260
Gurugram 63,640 69,410
Lucknow 63,640 69,410
Bengaluru 63,490 69,260
Jaipur 63,640 69,410
Patna 63,540 69,310
Bhubaneshwar 63,490 69,260
Hyderabad 63,490 69,260

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.

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