Gold Price Falls Today In India: Check 22 Carat Rate In Your City On October 28 – News18

Last Updated:October 28, 2024, 09:41 IST

Gold Rate Today In India: Get the latest updates on gold prices from cities across. Stay informed with real-time rates.

Gold Rate Today: On October 28, gold prices in India were above Rs 80,000 per 10 grams. The price of 24-carat gold, known for its highest purity, stood at Rs 80,430 per 10 grams. For jewellery buyers, 22-carat gold, which is more durable due to its alloy composition, was priced at Rs 73,740 per 10 grams.

Silver Rate Today

Silver, on the other hand, was trading at Rs 97,900 per kilogram.

Gold Rate Today In India: Retail Gold Price On October 28

Check gold prices today in different cities on October 28, 2024; (In Rs 10/gram)

In July, gold and silver prices corrected sharply by 7 per cent in the local markets after the government slashed basic customs duty on gold and other metals.

However, the bullion prices rebounded as demand from Indian consumers increased due to ongoing festivals, expectations of rate cuts in the US and flare up in geopolitical tensions.

Retail Cost of Gold in India

What Is The Retail Price Of Gold Per Gram?

Gold price per gram refers to the cost of a single gram of gold, typically expressed in a currency like Indian Rupees. This price fluctuates daily based on several factors, including economic conditions, geopolitical events, and supply-demand dynamics.

In India, the retail price of gold, the final cost consumers pay, is influenced by more than just its market value. Various factors, such as import duties, taxes, and currency exchange rates, play a significant role.

Gold holds deep cultural significance in India, serving as a popular investment and playing a central role in weddings and festivals.

As market conditions evolve, investors and traders closely monitor these trends. Stay tuned for further updates.