Gold slipped on the last trading day of the week: Prices fell in major cities including Delhi, Lucknow, Jaipur, know the latest rates of 22 and 24 carats.

Due to the strength of the dollar index in the global markets and profit booking at higher levels, the shine of gold has faded a bit in the domestic bullion market on the last trading day of the week. This fall in gold prices amid festive season shopping has brought relief to customers and investors buying jewelery for weddings.

In the capital Delhi, Uttar Pradesh capital Lucknow and Rajasthan’s Jaipur bullion market, the price of 22 carat gold fell to almost Rs. ₹1,32,090 to ₹1,32,100 per 10 grams Has reached the level of. At the same time, softening has also been recorded in the price of 24 carat pure gold (99.9% purity).

On the last day of the week, gold prices in major North Indian and other metros based on local tax and bullion association rates were recorded as follows:

(Note: The base prices given above are without GST and making charges. While purchasing jewellery, 3% GST and jeweler’s making charges are added separately.)

According to commodity and bullion market experts, the main reasons behind the decline in gold prices today are the following international and domestic factors:

1. Profit Booking: After reaching near record levels in the past, big traders and institutional investors on the futures market (MCX) and international market (Comex) booked profits before the weekend.

2. US Bond Yield and Dollar Index: A rise in US Treasury bond yields and a stable dollar led to a temporary pause in demand for non-interest bearing assets (such as gold).

3. Stability in local demand: The pace of new purchases in the retail jewelery market has normalized after the first phase of the festive season, due to which local jewelers have also reduced premium rates.

Consumers must check the following parameters while shopping in the bullion market:

• BIS 916 Hallmark: 22 carat gold jewelery must mandatorily bear the triangular mark of the Bureau of Indian Standards (BIS) and the number 916.

• HUID (Hallmark Unique Identification): Every jewelery piece has a 6 digit alphanumeric code which can be scanned on the ‘BIS Care’ app to confirm the authenticity and registration of the jeweller.

• Fixed bill instead of raw bill: Get a confirmed GST bill from the jeweller, clearly mentioning the weight of gold, carat purity, making charges and 3% GST separately.