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Gold prices in the country have dropped further on Monday, August 17. In the capital, Delhi, the morning price for 24-carat gold fell to ₹1,55,270 per 10 grams. In Mumbai, the rate stands at ₹1,55,120 per 10 grams. Gold prices have slipped in other cities as well. Last week, the price of 24-carat gold had risen by up to ₹3,490 across various cities, while 22-carat gold became dearer by up to ₹3,200. In the international market, spot gold is trading at $4,379.9 per ounce. Global gold prices rose by approximately 0.9 percent last week.

Gold rates in major cities across the country:

Gold price in Delhi: The price of 24-carat gold in Delhi is ₹1,55,270 per 10 grams. The rate for 22-carat gold is ₹1,42,340 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹1,42,190 per 10 grams, while the price of 24-carat gold is ₹1,55,120 per 10 grams.

Gold price in Chennai: The price of 24-carat gold is ₹1,55,120 per 10 grams. The rate for 22-carat gold is ₹1,42,190 per 10 grams.

Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹1,55,120 per 10 grams, and the price of 22-carat gold is ₹1,42,190 per 10 grams.

City    Today's Price for 22-Carat Gold (₹)    Today's Price for 24-Carat Gold (₹)
Delhi                            142,340                              155,270
Mumbai                        142,190                               155,120
Ahmedabad                 142,240                               155,170
Chennai                       142,190                              155,120
Kolkata                         142,190                             155,120
Hyderabad                   142,190                              155,120
Jaipur                          142,340                               155,270
Bhopal                        142,240                               155,170
Lucknow                     142,340                              155,270
Chandigarh                142,340                             155,270

Silver Price

The price of silver, another precious metal, is also showing a downward trend. On the morning of August 17, the price fell to ₹249,900 per kilogram. Last week, the price had risen by ₹5,000. In the international market, the price of spot silver stands at $64.88 per ounce.

Gold Imports Rose Marginally in July; Silver Imports Declined

India's gold and silver imports moderated in July following an increase in customs duty on precious metals. According to data from the Ministry of Commerce, gold imports rose by only 4.77 percent in July, reaching $4.16 billion. Silver imports dropped by 66.1 percent to $171.6 million. The government had raised the import duty on precious metals from 6 percent to 15 percent, effective May 13.

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