Commodities
Indian Gold Prices Inch Up, Silver Declines Amid Fed Rate Hopes
Gold prices in India remained relatively stable on August 1, with only a marginal increase of ₹1 per gram across all three categories.
The price of 24-carat gold stood at ₹14,461 per gram, while 22-carat gold was priced at ₹13,256 per gram and 18-carat gold at ₹10,846 per gram.
Silver prices, on the other hand, declined slightly to ₹234.90 per gram or ₹2,34,900 per kilogram, which is lower by ₹100 per kg than the previous day.
The benchmark rates by the India Bullion and Jewellers Association (IBJA) were lower than the retail price of gold jewellery.