Gold has now come closer to the reach of common Indians. Finance Minister Nirmala Sitharaman has implemented a new rule, after which there has been relief in gold prices across the country. Earlier, where 24 carat gold was running above ₹ 90,000, now after the new rule, its prices have come down in many cities.
What is the new rule?
Under this policy announced by the government, some taxes and import duties have been amended, which has directly affected the prices of gold in the market. The aim of this move is to encourage the middle class and common citizens to buy gold.
The Finance Minister said in his statement that “Our effort is that every section can invest in assets like gold. It is not just jewelry, but also a symbol of economic security.”
Know the prices of your city
Gold prices are seeing slight fluctuations in major cities of India. In Chennai and Mumbai, 24 carat gold is available at ₹99,710 per 10 grams while 22 carat gold is available at ₹91,040. In Delhi, 24 carat gold is ₹99,086 and 22 carat is ₹91,055. In Kolkata, Bengaluru, Hyderabad and Kerala, 24 carat gold is recorded at ₹99,701 and 22 carat at ₹91,040.
In Pune, the price of 24 carat is ₹99,701 while 22 carat is reported to be ₹99,040, which could possibly be a typo. In Vadodara and Ahmedabad, 24 carat gold is available at ₹99,076 and 22 carat at ₹91,045 per 10 grams. It is clear from these figures that the prices of gold are almost the same in most of the cities, which can facilitate the buyers in purchasing gold as per their budget.