By Admin 
Gold price today: The meeting of Monetary Committee of Reserve Bank of India has started from today. The important decision on the repo rate by the central bank will be taken after the final meeting on 6 August. After the last meeting, the RBI had reduced the repo rate from 6 percent to 5.5 percent, cuts by 6 percent to 5.5 percent after the last meeting. Meanwhile, there is a fall in gold prices across the country.
In Mumbai, 24 carat gold is being sold at the rate of Rs 1,01,340 per 10 grams, while 22 carat gold is available at Rs 92,890 per 10 grams. The price of silver has also fallen to Rs 1,12,900 per kg.
Let’s know the latest sense of your city:
In the national capital Delhi, 24 carat gold is available at Rs 1,01,490 per 10 grams, while the price of 22 carat gold is Rs 93,040 today. Similarly, 24 carat gold is being sold in the markets of Ahmedabad and Patna at the rate of Rs 1,01,390 per 10 grams, while 24 carat gold is available at a price of Rs 92,940.
In the financial capital Mumbai, Hyderabad, Chennai, Bangalore and Kolkata, 24 carat gold is being sold at a rate of Rs 1,01,340 per 10 grams, while 22 carat gold is trading in Mumbai, Hyderabad, Chennai, Bangalore and Kolkata at a price of Rs 92,890.
How is the rate of gold fixed?
Gold and silver prices are fixed daily on the basis of different factors. Prominent among them are: exchange rate between dollars and rupees, gold-silver prices in the international market, customs and tax and global economic instability. Apart from this, the social and cultural significance of gold in India is also very high. Buying gold on weddings, festivals and auspicious occasions is considered traditionally auspicious. This is the reason that its demand always remains. These expressions are without tax and making charge. There may be a slight difference according to the local jeweler in the real market price
Also read: Share Market Live Updates: Brakes on the decline of stock market, Sensex rose 244 points; Nifty also crosses 24000