In simple words, 916 means the gold is 91.6 grams pure gold per 100 grams. The price of gold is different in every nation due to varied factors like customs duties, currency exchange, taxes ...
The 24-carat gold price on Tuesday rose by Rs 10, with 10 grams of the yellow metal selling at Rs 78,010 on New Year's Eve.
Yellow metal buyers have to spend more as gold prices surge, with 10 gm of 24-carat gold witnessing a surge on Monday.
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