Gold price today: After the increase in import duties on gold from 7.50% to 12.50%, the price of gold saw a strong rise on the Multi-commodity Exchange (MCX) and national retail markets . Registration ₹1,433 for 10g of gain in Friday’s session, the MCX gold rate ended at ₹51,950 levels as spot gold price finished $2.81 an ounce higher at $1,810.10 an ounce. Thus, the precious metal finished higher in the domestic market this week while it fell in the spot market during this period. In fact, the price of gold recorded a decline of 6.74% in Q1FY23.
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