A small price correction is seen where demand is expected to return
The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 60,910, Rs 60,810, and Rs 61,420, respectively
22-carat gold was trading at Rs 49,250
The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.
The price of gold varies across the country due to excise duty, state taxes, and making charges.
In New Delhi, the price stands at Rs 47,050 per 10 gm, a gain of Rs 90 from yesterday
Gold-silver ratio fell sharply indicating that the white metal is outperforming the yellow
Even silver micro futures with a lot size of 1 kg on the MCX, is quoting at a premium, indicating that market doesn't have enough floating stock of the white metal
India's demand has been muted especially since import duty was raised to 12.5 per cent last July
Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals mainly influenced silver prices
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