Tag: Gold prices

Jaipur, October 04, 2024. Gold prices in India have surged to an all-time high, reaching ₹75,406 for 10 grams of 24-carat gold. This significant price increase of ₹158 from yesterday has taken the week's total rise to ₹1,313. Gold, always considered a safe investment, is becoming more expensive, making it difficult for the average buyer to invest in gold jewelry or bullion.

New Delhi, July 24, 2024. Gold prices plummeted by over five per cent after Finance Minister Nirmala Sitharaman announced a sharp import duty cut in gold and silver prices. At 5 pm, gold prices were down by 5.03 per cent, or Rs 3,657, at Rs 69,061 per 10 grams on the MCX platform amid speculation that gold imports will rise after the duty revision. Silver prices fell by 4.38 per cent to Rs 85,299 per kg after the duty cut. The FM announced a reduction in customs duties on gold and silver to 6 per cent from the current level of 15 per cent and that on platinum to 6.4 per cent from 15.4 per cent. The duty cut is likely to increase gold imports into the country. In FY2023-24, gold import bill was Rs 3.77 lakh crore, leading to the outflow of an equivalent amount in dollars.