Question 1

How is the retail gold price calculated in India?

Accepted Answer

The retail gold price in India is calculated by taking the global spot gold price per troy ounce, converting it to grams, applying the 15% custom import duty, adding logistics/bullion premiums, adjusting for local city premiums, multiplying by the gold purity coefficient (e.g., 91.6% for 22K), and finally adding a 3% Goods and Services Tax (GST).

Question 2

What is the difference between 24K and 22K Gold?

Accepted Answer

24K gold represents 99.9% pure gold, which is soft and primarily used for investment bars and gold coins. 22K gold contains 91.6% pure gold alloyed with 8.4% copper, silver, or zinc, making it durable enough for crafting jewellery.

Question 3

How often are fuel prices updated in India?

Accepted Answer

Retail prices of Petrol, Diesel, CNG, and LPG are revised daily at 6:00 AM IST by state-owned oil marketing companies based on global Brent crude benchmarks and foreign currency exchange rates.

Question 4

What is the RBI Repo Rate and how does it impact home loans?

Accepted Answer

The Repo Rate is the benchmark policy interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks. When the RBI raises or cuts the Repo Rate, banks adjust their Marginal Cost of Funds Based Lending Rate (MCLR) or external benchmark lending rates, which directly increases or decreases retail EMIs.

Market Rates

Bullion & Precious Metals

Gold

Silver

Platinum

Gold Momentum

Benchmarks

Purity Matrix

Gold-To-Silver Ratio

Knowledge Base

Trezoriq Live Market Rates & Financial Benchmarks