At the beginning of the week, on Monday, July 27, the gold price surged by Rs.800 to hit the all-time high of Rs. 51, 833 per 10 gms. On MCX, August gold’s future rose by 1.5% to record high of Rs. 1,833 per 10 gms. Ideally, gold prices in India depend upon many factors, including the international costs of gold, local tariff, and currency rate movements. International fare is one of the most crucial reasons for gold prices to rise. Lastly, gold prices vary across India due to excise duty, making charges and state taxes.
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