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Gold prices down at 46,660 per 10 gm, silver trading at 67,100 per kg

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
By hindustantimes.com | Written by Susmita Pakrasi, Hindustan Times, New Delhi
PUBLISHED ON JUL 28, 2021 09:48 AM IST
The price of 24-carat gold also declined by 210 to stand at 47,660 per 10 gm.

The price of of 10 gm of 22-carat gold fell marginally on Wednesday to trade at 46,660. Silver slipped 400 compared to Tuesday's prices to sell at 67,100 per kg, according to Good Returns website.

In the national capital, the 22-carat gold is trading at 46,750 per 10 gm. For Mumbai, the prices fell 210 to stand at 46,660 per 10 gm. The rate in Chennai is 45,040 per 10 gm, according to the website.

The price of 24-carat gold also declined by 210 to stand at 47,660 per 10 gm.

In the global market, the gold prices remained below the key $1,800 per-ounce level on Tuesday as investors maintained cautious stance ahead of the US Fed's key meeting this week, news agency Reuters reported.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

India is the largest importer of gold and it imports 800-900 tonnes of gold annually. The gold import into the nation is mainly done to meet the demand of the jewellery industry. Additionally, the gems and jewellery exports grew to $9.1 billion during the first three months of the current fiscal, as against $2.7 billion in the same quarter last year.

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