Gold and Silver Rates Toda on July 29: Find Current Prices in Your Area

Gold and Silver Rates Toda on July 29: On the sixth consecutive day after the Union Budget was announced, the gold prices prevailing over the country remained stable in the last 24 hours.

On July 29, the gold prices today in India remained unchanged compared to yesterday's price, The 22-carat price today in India is valued at Rs 63,250 per 10 grams while the 24-carat gold price today per 10 grams is priced at Rs 69,000 per 10 grams.

It is very crucial for Investors and people who want to buy gold to check the gold prices trend daily as they can stay updated with the price and avoid being scammed to charge higher prices.

Monitoring gold and silver prices will also help you to buy the gold prices at the cheapest rates possible.

The fluctuations in the gold price were due to the reduction of excise duty taxes from 15 to 6 % by Finance Minister Nirmala Sitharaman.

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Find Current Prices in Your Area

Let’s check out the gold prices prevailing over different cities:

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Factors Affecting Gold Prices In India

There are several factors that highly influence the gold prices in India. Some of them are:

Exchange Rates: As gold is also priced in the US dollar globally, the value of the Indian rupee against the US dollar directly affects the gold prices. When the value of the Indian rupee decreases compared to other currencies then the price of gold increases.

Taxes: In India, taxes such as excise duty taxes, state taxes, and central taxes highly influence the gold price prevailing in the country. If the taxes imposed on gold increase then the price of it also increases and if the tax rates decrease, the price of gold also decreases.

Geopolitical factors: Geopolitical factors such as the death of the country leader, war, or other political matters directly affect gold prices. It will have a negative impact on the prices of gold

Also Read: Gold And Silver Rates Today: Find Current Prices In Your Area - July 28 Updates