Gold price discount in India increases -Check fresh rate here – JK Student Update

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Gold price discount in India increases -Check fresh rate here – JK Student Update

Gold dealers in India offered steep discounts this week on the precious metal as most jewellery stores remained shut due to COVID-19 related lockdowns. Physical gold demand in India remained negligible. Dealers offered discounts of up to $10 an ounce over official domestic prices, the highest since mid-September 2020, news agency Reuters reported. Gold prices in India include 10.75% import and 3% GST. However, with a few states gradually easing restrictions from next month gold demand may pick up, say dealers.

On Friday, gold futures on MCX settled above 48600 per 10 grams, having risen over 49,000 earlier this week. Silver futures closed lower at 71530 per kg. In India, gold has rebounded from 44,000 levels, hit in March this year, tracking an uptick in global prices. On Friday, global rates rose above the key $1,900 level as new data strengthened concerns about surging US inflation.

Gold rate today continue to surged at all major cities in Delhi, Chennai, Kolkata and Mumbai. Gold rate in Delhi for 22-carat has remained at Rs. 46,750 with Rs. 50 hike and that of 24-carat gold is at Rs. 50,750 with Rs 50 hike.

The gold rate in Kolkata is at Rs. 48,160 per 10 gram of 22 carat with a fall of Rs. 10 and the rate of ten grams of 24 carat is at Rs. 50,740 with a fall of Rs. 10. Meanwhile, the gold rate in Mumbai, the metropolitan city have been at Rs. 46,580 and Rs. 47,580 per ten grams of 22 carat and 24 carat with a hike of Rs. 100.

Today’s Gold Rate in Jammu and Kashmir ( 30 May 2021 )
Compare 22K & 24K Gold Rate In Jammu And Kashmir (Today & Yesterday)
Today Yesterday Rate Change
Standard Gold (22 K) ( 1 gram ) ₹ 4,749 ₹ 4,749 ₹ 0 ↑
Standard Gold (22 K) ( 8 grams ) ₹ 37,992 ₹ 37,992 ₹ 0 ↑
Pure Gold (24 K) ( 1 gram ) ₹ 4,986 ₹ 4,986 ₹ 0 ↑
Pure Gold (24 K) ( 8 grams ) ₹ 39,888 ₹ 39,888 ₹ 0 ↑

NOTE: Please note that Gold price rates today for both 22-carat and 24-carat mentioned in the story are indicative and excluding of the Goods and Services Tax (GST), TCS, and other levies. Gold prices at jewellery shops may differ.

(With Inputs From Agencies)

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