The rate of 24 carat gold per gram in India on June 19 is Rs 14,950, 22 carat gold per gram is Rs 13,704 and 18 carat gold per gram is Rs 11,212. The rate of 22 carat gold per 10 grams in India on June 19 is Rs 1,37,040, 24 carat gold per 10 grams is Rs 1,49,500 and 18 carat gold per 10 grams is Rs 1,12,120. The rate of silver per gram and kg in India on June 19 is Rs 259.90.
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Today's rate of 22 carat gold in Delhi is ₹1,37,190 per 10 grams, 24 carat gold is ₹1,49,650 per 10 grams and 18 carat gold is ₹1,12,270 per 10 grams. Today's rate of 22 carat gold in Surat is ₹1,37,090 per 10 grams, 24 carat gold is ₹1,49,550 per 10 grams and 18 carat gold is ₹1,12,170 per 10 grams. Today's rate of 22 carat gold in Nashik city is ₹1,37,070 per 10 grams, 24 carat gold is ₹1,49,530 per 10 grams and 18 carat gold is ₹1,12,150 per 10 grams.

Indian consumers are not benefiting from the sharp decline in gold and silver prices in the international market. Despite the global recession, Indian buyers are paying more for gold and silver. The main reason for this difference is the central government's decision to increase import duty by 15 percent and place silver in the restricted category. This decision has abruptly halted the inflow of gold and silver into the country, resulting in prices in the domestic market not falling as much as in foreign markets.

Global Situation and India
According to the Global Trade Research Initiative (GTRI) and the latest market data, the price of gold in the international market fell from $4,650 to $4,286 per ounce in May, a significant drop of nearly 10%. In contrast, the price of gold in the Indian market fell only 3% from $152,000 per 10 grams during the same period, with silver seeing a similar decline.

Silver prices fell from $74.5 to $68.39 per ounce in the international market, representing a decline of nearly 8%. However, silver prices in the Indian bullion market remained stable at ₹243,000 per kilogram, just 4% below its record high of ₹245,000. Clearly, the decline in imports into India has led to a supply shortage in the domestic market, preventing a sharp decline in prices.

PC: Navarashtra