Gold Price nears Rs 74,000 in India

Gold prices in India are trading higher near Rs 74,000 per 10 grams in the spot market on July 13.

This price reflects a premium for purer gold, with 24-carat, the highest purity, reaching Rs 73,910 per 10 grams.

For those looking for jewellery, 22-carat gold, which is more durable due to a slight mix of alloys, was priced at Rs 67,760 per 10 grams.

Meanwhile, silver’s price stood at Rs 95,400 per kilogram.

India’s reliance on imported gold largely influences domestic prices, which closely mirror global trends.

Additionally, the cultural importance of gold in India, particularly during festivals and weddings, can impact demand levels.