Gold Price Today: Gold prices have once again seen a record boom. According to the All India Bullion Association, gold prices in the national capital increased by Rs 400 to a new record height of Rs 85,300 per 10 grams due to increasing demand from jewelers and stockists. Traders say the fall in the rupee and a strong trend in international markets has helped to bring gold prices to this high level. Earlier, the price of gold with 99.9 percent purity closed at Rs 84,900 per 10 grams.
Silver rate also increases
The price of gold with 99.5 percent purity has also increased by Rs 400 in the fourth consecutive session. The price of silver has also increased by Rs 300, which has now increased to Rs 96,000 per kg. The price of silver in the last trading session was Rs 95,700 per kg.
Effect of fall in rupee
On Monday, the price of the rupee fell by 55 paise to 87.17 (provisional) against the US dollar on Monday, the lowest level so far. The decline is due to the impact on the perception of the global market due to tariffs imposed on Canada, Mexico and China by the Trump administration.
Announcement to reduce customs duty in budget
The recently introduced financial year 2025-26 budget proposes to reduce the original customs duty on imported jewelery and precious metals from 25 percent to 20 percent. Finance Minister Sitharaman has also planned to reduce the import duty on platinum findings from 25 percent to 5 percent. However, platinum findings will impose 1.4 percent agricultural infrastructure and development cess. The government has also proposed a separate HS code for platinum and gold alloys.
