Gold Rate Today In India: Even as gold prices in the international prices have fallen as dollar and US treasury yields firmed after the latest US inflation data matched expectations, the gold price in India also decreased.
On September 1, gold prices in India hovered around Rs 73,000 per 10 grams. The rate for 24-carat gold, known for its highest purity, was Rs 73,040 per 10 grams. For those interested in jewellery, 22-carat gold, which is more durable due to its alloy content, was priced at Rs 66,950 per 10 grams.
Meanwhile, silver was trading at Rs 87,000 per kilogram.
Gold rate today in India: Retail gold price on September 1
Check gold rates today in different cities on September 1, 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 shift, investors and traders closely watch these trends. Stay tuned for more updates on this developing story.
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