Fine Gold (999) is trading at Rs 12,679 today, while standard 22K is at Rs 12,375. For lower purities of the yellow metal, 20K gold is at Rs 11,285, 18K at Rs 10,270, and 14K at Rs 8,178. These rates, release by the India Bullion and Jewellers Association, are all-India averages and exclude GST, making charges and local premiums.

How this compares with yesterday

These prices are modestly higher compared to yesterday. Fine Gold (999) is up Rs 111 per gramme, while 22K has risen by Rs 108. 20K is higher by Rs 99, 18K by Rs 90, and 14K by Rs 72. Each segment is showing almost a 0.9 percent increase in price.

In 10-gramme terms, that’s a day-on-day increase of Rs 1,110 for 999, Rs 1,080 for 22K, Rs 990 for 20K, Rs 900 for 18K and Rs 720 for 14K from October 14.

What’s driving the move

The

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