In a good news for gold buyers and investors on April 1, the gold price fell down by Rs 2500 per 100 gram on Thursday.
In Delhi, the price of 10 grams of 22-carat gold has been reduced by Rs 250. Buyers can now purchase it for Rs 43,250. After a decrease of Rs 270 per 10 grams in the price of 24-carat gold, it is available at the rate of Rs 47,180.
While gold prices in Delhi, Kolkata, and Bangalore have witnessed a fall on the rate, Chennai saw a hike. After an increase of Rs 100 per 10 grams of 22- carat gold, it can be bought for Rs 42,020. The price of 10 grams of 24-carat gold increased by Rs 110 and can be purchased for Rs 45,840.
Meanwhile, the price of silver has increased by Rs 4 per 10 grams after witnessing a fall yesterday. It’s rate has now set at Rs 636 per 10 grams in cities like Mumbai, Delhi, and Kolkata.
Latest commerce data suggest that gold imports fell 3.3% to $26.11 billion during April-February 2020-21. India is one of the largest importers of gold which serves the demand for the jewelry industry in the country. The country imports in volume 800-900 tonnes of gold annually.