. Buyers should consider these factors when making purchasing decisions.

Gold prices have recently decreased due to changes in the central government’s budget. As of August 5th, the customs duty on gold has been reduced, making it more affordable.

Current Gold Prices:

  • 22-Karat Gold: ₹64,690 per 10 grams
  • 24-Karat Gold: ₹70,570 per 10 grams

City-Wise Gold Prices:

  • Delhi: 22-karat at ₹64,840, 24-karat at ₹70,720
  • Mumbai, Hyderabad, Vijayawada: 22-karat at ₹64,690, 24-karat at ₹70,570
  • Chennai: 22-karat at ₹64,490, 24-karat at ₹70,350
  • Bangalore, Kolkata, Kerala: Same as Mumbai and Hyderabad

Silver Prices:

  • Reduced to ₹85,400 per kilogram

Understanding Gold Purity

  • 22-Karat Gold: 91.67% pure, suitable for jewelry.
  • 24-Karat Gold: 99.9% pure, used for coins and bars.

Conclusion

With the reduction in customs duty, gold prices have become more affordable. This is important for buyers, given the cultural significance of gold in India. Future trends in gold and silver prices will depend on market conditions and government policies. Buyers should consider these factors when making purchasing decisions.

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