Gold prices across major Indian cities showed remarkable consistency. Only minor variations were observed due to local taxes, jewellers’ profit margins, and logistics costs.
The spot price of gold, which is bought and sold for immediate delivery, was slightly above $4,451 per ounce on January 6. This represents an increase of 0.06 percent from the previous closing price and a 2.42 percent increase over the past week.
Meanwhile, the value of the rupee against the US dollar was 90.135 on Tuesday, representing a decline of 0.08 percent in a day and 0.41 percent over the week. The price of gold varies depending on its purity.
