Gold Price Today: Yellow metal surges by over Rs 1000 as excise duty hiked to 12.5% - check gold rate in your city
Gold Price Today: The government has raised the excise duty on exports of gold on Friday, July 1, 2022. As per the revenue department notification, the basis import duty on yellow metal has been hiked to 12.5% from 7.5%, effective today. With this, the price of yellow metal possible increase by about Rs 100 per gram, said Prithviraj Kothari, Director at RiddiSiddhi Bullions Limited.
The price of gold has dropped by around 1.2 percent this week after experiencing its worst quarter since the beginning of 2021. Pic: Reuters