Gold prices in India on July 1 stand at Rs 14,078 per gram for 24 carat gold, Rs 12,905 per gram for 22 carat gold and Rs 10,559 per gram for 18 carat gold, according to Good Returns. The 24 carat rate fell by Rs 126 from June 30, while 22 carat and 18 carat prices dropped by Rs 115 and Rs 94 respectively. The decline followed an increase in basic customs duty on gold and silver to 10 per cent from 5 per cent, after geopolitical tensions eased. Prices remain subject to daily fluctuations despite the calmer outlook.
