If you are considering purchasing affordable gold and silver, it might be wise to wait for a few days. The prices of these precious metals have been steadily declining, and there is even news suggesting that they may decrease further. The government could potentially announce a reduction in import duty on gold and silver in the upcoming budget, which could lead to a decrease in their prices.
Currently, the price of 24 carat gold stands at 72 thousand rupees per 10 grams. Just a day ago, both gold and silver experienced a drop in prices. Specifically, 22 carat gold fell by Rs 250 per 10 grams, bringing its price to Rs 66,000 per 10 grams. Similarly, 24 carat gold fell by Rs 230 per 10 grams, resulting in a price of Rs 72,000 per 10 grams. Additionally, 18 carat gold is priced at Rs 54,000 per 10 grams. On the same day, silver also saw a decrease of Rs 1,000 per kg, with its price now at Rs 90,000 per kg.
The government is not expected to directly intervene in the prices of gold and silver. However, there is a possibility that they may announce a reduction in import duty on these metals during the budget announcement. Currently, the import duty on gold and silver is set at 15 percent, but there is speculation that it could be reduced by up to 5 percent. If this reduction occurs, it could lead to a decrease in the prices of gold and silver, making them even more affordable and potentially attracting more buyers.
