New Delhi, 1/9: With India entering the festive season, there is good news for those looking to buy gold. Amidst the strengthening of the rupee, a fall in the prices of gold has been recorded in the Indian markets today. On MCX, gold futures fell to Rs 47,095 per 10 grams. While silver futures fell 0.33% to Rs 63,156 per kg.
On Tuesday, the rupee strengthened by 29 paise to close at a nearly 12-week high of 73 against the US dollar. Gold prices in India include 10.75% import duty and 3% GST. With the strengthening of the rupee, the import of the precious metal has become cheaper. According to the Good Return website, the price of gold has declined by Rs 1,200 per 100 grams today. According to the data provided, the price of gold has seen a decline for the second consecutive day.