Gold is now cheaper: Here is how much you need to pay in your city
Prabhu said that they are pushing for gold policy as they need an integrated policy and in the next few days, they will have a meeting of all concerned people to frame the policy on an expeditious basis. We are looking at all elements of gold in the policy.
There is love for gold in India, as it is seen as the second highest buyer of the yellow metal globally. Today, the price of gold in various cities like Mumbai, Chennai, Delhi and Kolkata have gone down. With barely 3 days left for 2019, a lot is expected to take place in Indian gold buying. Commerce and Industry Minister Suresh Prabhu said, according to a PTI report, "The government is also working on an integrated gold policy, which is expected to be released soon, to promote growth of the yellow metal industry and exports of jewellery"
Prabhu said that they are pushing for gold policy as they need an integrated policy and in the next few days, they will have a meeting of all concerned people to frame the policy on an expeditious basis. We are looking at all elements of gold in the policy.
The policy is likely to focus on promoting the domestic gold industry and exports of gems and jewellery, which contributes to about 15 per cent to the total merchandise outbound shipments. The domestic industry has demanded a cut in import duty on gold to 4 per cent from the current 10 per cent
Let us see today's Gold price in India:
Gold price again slashed by Rs 1900 and 2800 on 100 grams of gold. Today, the yellow metal is priced at Rs 3,06,600 and Rs 3,22,000 for 100 grams 22 and 24 carat Gold, Whereas yesterday's price was 3,08,500 and 3,24,800, respectively.
For 10 grams of 22-carat gold is priced at Rs 30,660 the rate of gold is low from the previous day which was Rs 30,850 and for 24-carat gold today's price is Rs 32,200 for 10 grams which are again lower from previous day price - Rs 32,480.
Let us see the price of gold in your city:
In Mumbai, the price of Gold for 22 carats and 24 carat is Rs 30,660 and Rs 32,200. In Delhi it is priced at Rs 30,710 and 32,540 In Chennai at Rs 30,080 and Rs 31,580. Further, in Kolkata it is priced at Rs 31,010 and 32,560 for 22 and 24 carats respectively.
In the last 10 days, the highest price for gold was on December 26th at Rs 30,850 for 22 carats and Rs 32,480 for 24 carats.
India, imports about 900 tonnes of gold a year and jumps especially during the festive period.
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