Gold Price: Gold prices fell for the second day today in response to the presentation of the Union Budget.
Petrol and diesel prices fluctuate due to international crude oil exports and imports. Similarly, the demand for metals such as gold and silver in the international markets is seen as the reason for the rise in prices. Accordingly, every day there is a rise and fall in the price of gold.
In this context, Finance Minister Nirmala Sitharaman announced that the import duty on gold and silver will be reduced from 15% to 6% and the import duty on platinum from 12% to 6.4%.
Accordingly, gold fell by Rs 2,080 per gram and Rs 260 per gram within minutes of the announcement of reduction in import duty on gold in the budget speech yesterday. This makes people happy especially housewives.
Thus, as of today (24-07-2024) in Chennai, the price of 22 carat jewelery has come down by Rs.480 per sawan to Rs.51,920 per sawan and Rs.60 per gram down to Rs.6,490 per gram. A gram is selling at Rs 92, down 50 paise. The price of one kg of silver is Rs.92,000.
As of yesterday (23-07-2024) in Chennai, the price of 22 carat ornamental gold decreased by Rs.275 to Rs.6,550 per gram. Also, per Sawaran Rs. 2,200 down to Rs 52,400. Similarly, the price of silver also decreased by Rs.3.50 per gram and was sold at Rs.88 per gram.
