On August 3, gold prices in India marginally increased and traded above Rs 70,500 per 10 grams. This rate includes a premium for the highest purity gold, with 24-carat gold priced higher at Rs 70,700 per 10 grams. For those interested in jewellery, 22-carat gold, which is more durable due to its slight alloy mix, was priced at Rs 64,810 per 10 grams.
In the Budget 2024-25, the basic customs duty (BCD) on coins of precious metals, gold/silver findings, and gold and silver bars was reduced to 6 per cent from 15 per cent. It was cut to 5.35 per cent from 14.35 per cent for gold and silver dore.
Meanwhile, on Saturday, silver’s price stood at Rs 87,300 per kilogram.
| City | 22 Carat Gold Rate Today | 24 Carat Gold Rate Today |
| Delhi | 64,960 | 70,850 |
| Mumbai | 64,810 | 70,700 |
| Ahmedabad | 64,860 | 70,750 |
| Chennai | 64,610 | 70,480 |
| Kolkata | 64,810 | 70,700 |
| Gurugram | 64,960 | 70,850 |
| Lucknow | 64,960 | 70,850 |
| Bengaluru | 64,810 | 70,700 |
| Jaipur | 64,960 | 70,850 |
| Patna | 64,860 | 70,750 |
| Bhubaneshwar | 64,810 | 70,700 |
| Hyderabad | 64,810 | 70,700 |
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.
