Gold Rate Today In India: On July 20, gold prices in India hovered near Rs 74,000 per 10 grams. This rate represents a premium for purer gold. The price of 24-carat, the highest purity, on Saturday fell to Rs 73,970 per 10 grams amid weak spot demand. For those interested in jewellery, 22-carat gold, known for its added durability due to a slight alloy mix, was priced at Rs 68,800 per 10 grams.
Meanwhile, silver’s price stood at Rs 93,150 per kilogram.
Gold rate today in India: Retail gold price on July 20
Check gold rates today in different cities on July 20, 2024; (In Rs/10 grams)
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.
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