There was a fall in the prices of gold in various cities of India on Thursday, September 17. But there was no fall in the prices of 22 carat and 24 carat gold despite the fall.There has been a decrease in the prices of gold in different Indian cities on Thursday, September 17.
However, prices of the two types of gold continued to be high despite the fall in prices.
As per the statistics from the market, the price of 24 carat gold stood at around ₹1,53,600 for 10 grams and the price of 22 carat gold stood at around ₹1,40,800 for 10 grams on Thursday. Prices are different from one city to another depending on several factors like taxations and price of gold ornaments etc.
This is the very reason why prices of 24 carat gold in the cities of Delhi, Mumbai, Kolkata, Chennai and Bengaluru were ₹1,53,060, ₹1,53,320, ₹1,53,120, ₹1,53,770 and ₹1,53 respectively.
The prices of gold witnessed a fall in many major cities in India on Thursday, September 17 However, despite the reduction in prices, the prices of both 22 carat and 24 carat gold were still high.
From the figures in the market, the price of 24 carat gold was ₹1,53,600 per 10 grams, while the price of 22 carat gold was ₹1,40,800 per 10 grams on Thursday.
The price of 24 carat gold was ₹1,53,060 per 10 grams in Delhi, ₹1,53,320 per 10 grams in Mumbai, ₹1,53,120 per 10 grams in Kolkata, and ₹1,53,770.
Chennai became a city with the highest price, whereas Delhi had the lowest one according to the cited market figures.
Gold prices’ movement occurs in a period of high volatility of international gold market. International gold prices managed to recover on Thursday, as they reached near six-week lows in the previous trading day. At that time, investors assessed the implications of the last interest-rate increase by the US Federal Reserve. The dollar and oil prices also impacted gold prices.
It must be kept in mind by consumers intending to buy jewellery that the rate of gold stated does not account for the full jewellery price. Additional expenses like making charges and GST may also contribute to the total price of the jewellery.
The prices of gold may vary depending on the movements of the local and foreign markets. Consumers are thus advised to make sure they have checked the current rate from their jeweller.
