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Gold (24 karat) sells for Rs 46,490 per ten grams in India on Monday, up Rs 10 from yesterday’s trading as fuel prices hit record highs and the central bank’s rate fixing committee meets this week.
Silver is selling for 60,500 rupees per kg: unchanged from Sunday trading, according to the Good Returns website.
The price of gold jewelry varies in India, the second largest consumer of the metal, due to excise duties, government taxes and fees.
In Delhi and Mumbai, 10 grams of 22-carat gold will be sold for 45,560 rupees and 45,490 rupees respectively on Monday. In Chennai, the price is 43,880 rupees, according to the website. In Calcutta the price is Rs 45,870.
In Delhi, 10 grams of 24-karat gold is sold for 49,720 rupees and the price in Mumbai is 46,490 rupees.
In Chennai, 24-karat gold sells for 47,870 rupees. For Calcutta the price is Rs 48,570.
The central bank’s six-member monetary policy committee will meet from October 6-8 and announce its interest rate decision on the final day. The Committee is generally expected to leave the repo rate unchanged.
Gasoline and diesel prices were hiked again on Sunday to push interest rates across the country to new record highs as government officials said oil companies, according to news, have not passed on all of the surge brought on by the surge in the international oil and gas industry Agency PTI is justified for three-year highs.
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