Gold prices stay high amid weaker rupee and global uncertainty
after close1 source ↓written by the desknot a recommendation
- priced
- 24-carat gold
- per gram
- ₹13,451
- per gram
- 22-carat gold
- per gram
- ₹12,330
Gold prices in India remained elevated on 17 Dec 2023, with 24-carat gold priced at ₹13,451 per gram and 22-carat gold at ₹12,330 per gram. The weaker rupee has increased the landed cost of gold, impacting the gems and jewellery sector significantly. Industry leaders express concerns over rising working capital needs and pressured margins for manufacturers.
Not investment advice. For informational purposes only.