After the reduction in custom duty, gold prices are seeing a huge drop. After the budget, the gold rate fell by more than Rs 5000 in just 4 days.
Gold price: After the announcement of the budget, a decline in the rate of gold can be seen in all the major cities of the country including Delhi-NCR. The central government had announced to reduce the custom duty on the import of gold. After this, the rate of gold has fallen by about Rs 7269 in 6 days. If you are also going to the market to buy gold, then check the latest rate of gold before that. Lest you have to suffer a loss unknowingly.
Here we are telling you the rate of 24 carat and 22 carat gold in some cities. Let us know what is the rate of gold in Delhi, Patna, Indore, Faridabad, Kanpur and Lucknow. Before knowing the rate, it is important to know that 1 tola gold is equal to 10 grams.
In Delhi, 1 tola of 22 carat gold costs Rs 64200. Here the price of 24 carat gold is Rs 67410. In Faridabad, you will get 22-24 carat gold at the same rate as Delhi. In Patna, 22 carat gold costs Rs 64900. Here 24 carat gold is available for Rs 68150. In Kanpur and Lucknow too, the rate of gold is the same as Delhi. In Indore, the rate of 22 carat gold is Rs 64100. Here the rate of 24 carat gold is Rs 6731.
What is carat?
Carat is a unit that shows the weight of a jewellery or the purity of gold. Carat shows how much of another metal is mixed in that metal. For example, 24 carat gold is considered the purest. No other metal is mixed in it. However, pure gold breaks very quickly, so other metals are added to it to make it a little stronger. Therefore, most gold jewellery is made from 22 carat gold.
