The price of 10 grams of 24-carat gold closed the week at Rs 1,20,100 down from Rs 1,20,770 last week, according to data published by the India Bullion and Jewellers Association (IBJA).
The price of 24-carat gold (10 grams) ended at Rs 1,22,419 on Friday, down from Rs 1,23,827 from its previous close, according to data published by the India Bullion and Jewellers Association (IBJA).
Buyers of gold and silver got some relief this week as prices edged lower in the domestic market.
Gold rates fell over Rs 400 on Monday amid looming uncertainty over the US reciprocal tariffs, as silver prices also took a hit of over Rs 1,000.
Gold prices surged Rs 1,135 and silver prices soared over Rs 2,000 this week amid uncertainties around the US tariff deal deadline (July 9) and a decline in the US dollar index.
Uttar Pradesh Chief Minister Yogi Adityanath on Thursday claimed that the state is now crime and mafia-free, and the state police swiftly neutralizes any threats.
The effect of the newly announced reciprocal tariffs by US President Donald Trump is now being felt in the global commodity markets, with sharp declines seen in the prices of key commodities like gold and crude oil.
New standards for gold jewellery, including compulsory hallmarking are likely to be implemented in the country from January to safeguard…
