Gold Rate Today In India: On August 16, gold prices in India remained close to Rs 71,000 per 10 grams. The rate for the highest purity, 24-carat gold, rose to Rs 71,620 per 10 grams. For those considering jewellery, 22-carat gold, known for its added durability due to a slight alloy mix, was priced at Rs 65,650 per 10 grams.
In contrast, the price of silver also increased to Rs 84,000 per kilogram on Friday, against Rs 83,500 on Thursday.
Check gold rates today in different cities on August 16, 2024; (In Rs/10 grams)
Retail Cost of Gold in India
The retail price of gold in India, which represents the final cost per unit weight for consumers, is shaped by multiple factors beyond its intrinsic value.
Gold is deeply embedded in Indian culture, acting as a key investment and holding significant importance in traditional weddings and festivals.
As market conditions shift, investors and traders closely watch these trends. Stay tuned for more updates on this developing story.
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