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Gold Rate Today: Check 22 Carat Price In Your City On August 04 – News18

Gold Rate Today: Check 22 Carat Price In Your City On August 04 – News18


Gold rate today in India on August 04, 2024. (Representative image)

Gold rate today: Stay updated with the latest gold prices today across various cities in India.

Gold Rate Today In India: On August 04, gold prices in India hovered near Rs 70,000 per 10 grams. This rate includes a premium for the highest purity gold, with 24-carat gold priced at Rs 70,580 per 10 grams. For those interested in jewelry, 22-carat gold, which is more durable due to its slight alloy mix, was priced at Rs 64,700 per 10 grams.

Meanwhile, silver’s price stood at Rs 85,500 per kilogram.

Gold rate today in India: Retail gold price on August 04

Check gold rates today in different cities on August 04, 2024; (In Rs/10 grams)

City 22 Carat Gold Rate Today 24 Carat Gold Rate Today
Delhi 64,850 70,730
Mumbai 64,700 70,580
Ahmedabad 64,750 70,630
Chennai 64,500 70,360
Kolkata 64,700 70,580
Gurugram 64,850 70,730
Lucknow 64,850 70,730
Bengaluru 64,700 70,580
Jaipur 64,850 70,730
Patna 64,750 70,630
Bhubaneshwar 64,700 70,580
Hyderabad 64,700 70,580

Retail Cost of Gold in India

The retail price of gold in India, reflecting the final cost per unit weight for consumers, is influenced by various factors beyond the metal’s intrinsic value.

Gold holds immense cultural importance in India, serving as a major investment and playing a crucial role in traditional weddings and festivals.

Amid ongoing market fluctuations, investors and traders closely monitor these dynamics. Stay tuned for further updates on this evolving story.

Custom Duty on Gold

The government recently slashed customs duties on various products, including gold and silver.

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.

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.



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