look news india
On the second day of July, the price of gold seems to be stable. At the same time, the price of silver has come down. On Tuesday, July 2, the price of 10 grams of gold is around Rs 72,000. The price of pure 24 carat gold is Rs 72,270 per 10 grams while the price of pure 22 carat gold is Rs 66,240 per 10 grams. Meanwhile, a decline was seen in the price of silver and the price of silver fell to Rs 10. 90,300 per kg.
Gold prices are stable in the international market as well. The price of one ounce of gold was $2326 on Monday which has reached $2327 by Tuesday. Currently, the price of one ounce of silver is $29.33.
How does it affect the price of gold?
India's dependence on imported gold significantly affects domestic prices which closely mirror global trends. The cultural significance of gold in India can influence demand levels, particularly during festivals and weddings.
