look news india
The morning of July 30 has brought relief news for common buyers in the Indian bullion market. A big fall has been recorded in the retail price of gold today in most parts of the country. In the capital Delhi, the price of 24 carat gold has slipped to Rs 1,43,650 per 10 grams. The main reason for the pressure seen on precious metals in the domestic market is the strength of the Indian rupee. When the rupee strengthens against the dollar, it becomes cheaper to import gold from abroad. This reduces the cost of bullion traders and its direct benefit is passed on to common customers in the form of lower prices in the local markets.
International market boom and US Fed’s big decision
Talking about the global front, an upward trend has been observed in the prices of spot gold in the international market, where the price has increased to $ 4,080.38 per ounce. At the same time, American gold futures for August delivery are also trading at $ 4,078 an ounce. Meanwhile, the US central bank ‘Federal Reserve’, in its July monetary policy meeting, did not make any change in the main interest rates and kept it in the range of 3.50% to 3.75%. According to market experts, interest rates remaining stable or cutting them are considered a positive sign in the long term for assets like gold and silver.
Latest price of gold (10 grams) in major cities of the country on July 30
Partial difference can be seen in the price of gold due to local tax and octroi rates in different cities of the country. Today the prices of 22 carat and 24 carat gold in major cities are as follows:
| City | 22 carat gold price (₹) | 24 carat gold price (₹) |
| Delhi | 1,32,990 | 1,43,650 |
| Mumbai | 1,31,540 | 1,43,500 |
| Kolkata | 1,31,540 | 1,43,500 |
| Chennai | 1,31,540 | 1,43,500 |
| Ahmedabad | 1,31,590 | 1,43,550 |
| Bhopal | 1,31,590 | 1,43,550 |
| Jaipur | 1,31,690 | 1,43,650 |
| Lucknow | 1,31,690 | 1,43,650 |
| Chandigarh | 1,31,690 | 1,43,650 |
| Hyderabad | 1,31,540 | 1,43,500 |
Silver prices also softened: Know what is the latest rate
Along with gold, silver prices are also falling at the domestic level. On the morning of July 30, the price of silver in the Indian market has fallen to Rs 2,34,900 per kg. At the same time, the price of spot silver in the international market has increased to the level of $ 58.20 per ounce. Experts believe that due to global uncertainties and currency fluctuations, this ups and downs in the bullion market may continue in the coming days.