Key Reasons Why Gold Rates in India Differ City Wise
You might be wondering why some people travel to different places to purchase gold instead of buying it directly from the shops available in their own city. Well, there is a valid reason behind this: the gold rate differs city-wise even in the same country. Do you want to know why? Here, let us explore the key reasons why Gold rates in India are different in various cities. Here Is Why Gold Rates Are Differest In Different Cities In India Government duties & tariffs The import duty as well as taxes imposed on gold by the Indian Government play an essential role in determining the gold price in the country, similar to any other country. These duties can be different depending on the political and economic situations of the country. When import duties are high, gold prices are also likely to be high. In other words, the decision of the Government regarding import duties has a direct impact on the gold price in the retail market. Cost of Logistics and transportation Transportation c