Indian culture is incomplete without Gold Jewellery. Gold Jewellery is used in all of the festivals, function and rituals in Indian culture.The possession of gold gives a feeling of happiness and satisfaction to many consumers. Belk argues about the role of Materialism in goods consumption. Gold price down again in India: check today latest rate.
Gold is also a premium commodity and its consumption can be seen as a result of need for possession for building Self identity.
The Value addition to gold means the difference in the output value and input value of the raw material. For Gold Jewellery it consists of five major phase: Raw Materials, Refining, Manufacturing, Retailing and Consumer Behaviour.
After seeing turmoil in the last few days weighed by international cues and fluctuating commodities prices, Gold and silver prices jumped had jumped marginally yesterday. However today, the price of the yellow metal has gone down by a slight range. Gold price down again in India: check today latest rate.
Gold traded flat on MCX as December Gold futures quoted a price of Rs 50485 per 10 grams, up by Rs 12 or 0.02 per cent. Meanwhile, Silver gained momentum and inched higher at Rs 327 to trade at Rs 56634 per kg.
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On the international market, Gold was quoting higher at USD 1,659.40 per ounce while silver was up by 0.96 per cent which is at USD 18.86 per ounce. Meanwhile, the rupee surged 30 paise at 82.06 against the US dollar in the morning trade. The international oil benchmark Brent crude futures surged 0.72 per cent to USD 92.28 per barrel.
Gold Price City-wise In India as of Oct 18, 2022 for 22k
Chennai- Rs 47,050
Mumbai- Rs 46,420
Delhi- Rs 46,570
Kolkata- Rs 46,420
Bangalore- Rs 46,470
Kerala- Rs 46,420
Pune- Rs 46,450
Vadodara- Rs 46,450
Ahmedabad- Rs 46,470
Lucknow- Rs 46,570
Coimbatore- Rs 47,050
Vijayawada- Rs 46,420
Patna- Rs 46,450
Nagpur- Rs 46,450
Chandigarh- Rs 46,570
Surat- Rs 46,470
Bhubaneswar- Rs 46,420
Nashik- Rs 46,450.
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