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Gold Rate On July 14 2023: Updated Gold Prices In Major Cities

In India, 10 grammes of 24 carat gold costs Rs 59,330, while 10 grammes of 22 carat gold costs Rs 54,340.

By Newsd
Updated on :
Gold Prices On August 20 2023

In the past twenty-four hours, the price of 24 karat/ 22 karat gold (10 grammes) in India has increased. As of July 14 (Friday), prices in India have increased by Rs 540.

In India, 10 grammes of 24 carat gold costs Rs 59,330, while 10 grammes of 22 carat gold costs Rs 54,340.

Rather than the availability and demand for physical gold, the London Over-the-Counter (OTC) spot gold market and the COMEX gold futures market have the greatest impact on gold prices. Other markets, such as the Shanghai Gold Exchange (SGE) and Multi-Commodity Exchange (MCX), typically reflect the prices established by the London and New York paper gold markets. In addition, global economic and political events, as well as central bank policies and currency fluctuations, can have a substantial impact on the gold price.

Gold Rate On July 14 2023:

We have mentioned the prices of important cities in India below.

City 24 carat 22 carat
Delhi Rs 60,150 Rs 55,150
Mumbai Rs 60,000 Rs 55,000
Chennai Rs 52,285 Rs 47,927
Kolkata Rs 60,000 Rs 55,000
Hyderabad Rs 60,000 Rs 55,000
Bangalore Rs 60,000 Rs 55,000
Visakhapatnam Rs 60,000 Rs 55,000

Gold Prices for the last 10 days

Date 22 Carat Price 24 Carat Price
Jul 13, 2023 ₹5,664 ₹5,996
Jul 12, 2023 ₹5,594 ₹5,929
Jul 11, 2023 ₹5,594 ₹5,927
Jul 10, 2023 ₹5,652 ₹5,990
Jul 09, 2023 ₹5,635 ₹5,974
Jul 08, 2023 ₹5,635 ₹5,974
Jul 07, 2023 ₹5,635 ₹5,974
Jul 06, 2023 ₹5,584 ₹5,909
Jul 05, 2023 ₹5,545 ₹5,872
Jul 04, 2023 ₹5,597 ₹5,936

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What causes gold prices to rise or fall?

During market downturns, gold is typically viewed as a secure investment. Changes in the dollar index and interest rates, central bank policies, inflation concerns, trade tensions, and political unpredictability are all factors that can affect the price of gold. In addition, fluctuations in the value of the naira and import tariffs can affect the price of gold.

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