Now Reading: Gold prices fall across major Indian cities on August 14
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Gold prices fall across major Indian cities on August 14
Gold prices fell across major Indian cities on August 14, according to The Hindu BusinessLine, with both 22-carat and 24-carat rates lower than the previous day. In Mumbai, 22-carat gold was priced…
The Story in Brief
Gold prices fell across major Indian cities on August 14, according to The Hindu BusinessLine, with both 22-carat and 24-carat rates lower than the previous day. In Mumbai, 22-carat gold was priced at Rs 14,065 per gram, while 24-carat gold stood at Rs 14,768. Delhi recorded Rs 14,115 for 22-carat and Rs 14,821 for 24-carat gold per gram.
Bengaluru had the highest listed 22-carat rate at Rs 14,125 per gram, while Chennai and Hyderabad recorded Rs 14,040. Kolkata had the highest 24-carat rate at Rs 14,873 per gram. The rates were provided by BankBazaar and do not include any separate local jewellery charges mentioned in the report.
The Indian Opinion
A single-day fall does not prove that gold has become affordable, just as a record rate does not guarantee a lasting rally. City differences are small, while making charges, taxes and purity can change the final bill for buyers. The useful comparison is not a headline rate but the jeweller’s final price, alongside the next few daily quotes. Will the decline continue for a week, or reverse in the next session?
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
