The question is whether the Gold rate is really coming down that too in the coming marriage seasons. It is the time when the Gold rate must go up. But it is coming down slowly.
This is because of the reduction in the tax announced by the central Government.
But how long will this reduction go on? It might rise again they say.
The price of 10 grams of 22-carat gold, 63,490 with a fall of Rs. 400 while the rate of 10 grams of 24-carat gold is trading at Rs. 69,260 with a fall of Rs. 440. As for silver, the silver rate in Visakhapatnam is at Rs. 86,900 per kg.
The gold rates in the international market have been fluctuating.
Over the past few weeks gold rates have experienced a fall during the wedding season, fluctuating around Rs. 70,000 for 10 grams of 24-carat gold and approximately Rs. 66,000 for 10 grams of 22-carat gold.
