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Commodities

India's Gold Prices Hold Steady Amid Festive Season Demand

Guavy AI Editorial Team
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Gold
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Gold prices in India remained stable on September 4, as demand for bullion ahead of the festive season kept rates firm across major cities. The 24-carat gold rate was at INR 1,55,360 per 10 grams, while 22-carat gold stood at INR 1,42,410 per 10 grams.

The prices remained uniform across most cities, despite slight regional fluctuations due to local taxes and transportation costs. For instance, the 24-carat gold price in Delhi was INR 1,55,510 per 10 grams, while in Mumbai it was INR 1,55,360 per 10 grams.

The precious metals market is navigating economic indicators, currency fluctuations against the US dollar, and fluctuating physical demand. Retail jewelers note that buyers are closely monitoring daily price movements ahead of upcoming festive season purchases.

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