Gold Prices Hold Steady in India Amid Minor Fluctuations
Gold prices in India remained relatively stable on September 7, experiencing only minor fluctuations compared to the previous day. The price of 24-karat gold was recorded at ₹15,479 per gram, a slight decrease from ₹15,480 on September 5. Similarly, 22-karat and 18-karat gold rates declined to ₹14,189 and ₹11,609 per gram, respectively.
The city-wise gold rate showed minimal variations across major cities in India. Chennai recorded the highest price for 24-karat gold at ₹15,666 per gram, while Mumbai had the lowest at ₹15,479 per gram. Similarly, Delhi had a higher price for 18-karat gold at ₹11,624 per gram compared to other cities.
The article highlights the significant amount of gold that remains undiscovered worldwide and how this affects global supply. It also discusses the importance of recycling gold from electronic waste, which contributes to industrial demand but has a limited impact on prices in India.