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The price of gold in India experienced an upward trend on September 8, 2024, reaching approximately Rs 73,000 per 10 grams. This surge in value reflects the ongoing fluctuations in the global commodities market, impacting the purchasing power of consumers and investors alike. The price of 24-carat gold, known for its highest purity, stood at Rs 72,870 per 10 grams on the same day, indicating a slight discrepancy between the two gold varieties.
For individuals seeking to purchase gold for jewellery purposes, 22-carat gold is the more prevalent choice. This alloy, with a lower purity than 24-carat gold, is favoured for its enhanced durability. On September 8, 22-carat gold was priced at Rs 66,800 per 10 grams in India. The price variations across different carat levels highlight the factors that influence the final cost of gold, including its purity and the presence of alloying metals.
Silver, another precious metal with significant economic and industrial applications, was trading at Rs 84,500 per kilogram on September 8. This price point suggests a trend in the silver market, potentially driven by factors such as demand in the manufacturing sector, investment sentiment, and global supply dynamics. The fluctuations in gold and silver prices on this particular day serve as a reminder of the volatile nature of precious metals markets, urging investors and consumers to stay informed and make calculated decisions.
Source: Gold Price Rises In India: Check 22 Carat Rate In Your City On September 8