Gold and silver prices have once again increased in the Indian bullion market today. According to the latest rate released by the Indian Bullion and Jewelers Association (IBJA), the price of 24 carat gold has reached Rs 98791 per 10 grams on Monday morning, which was Rs 98243 on Friday evening. That is, gold has become costlier by Rs 548 today. At the same time, a slight increase has also been seen in the price of silver.
Wide increase in gold prices
Different rates of gold based on purity are as follows:
| Purity (%) | Friday’s Rate (₹) | Monday’s Rate (₹) | Change (₹) |
|---|---|---|---|
| 999 | 98,243 | 98,791 | +548 |
| 995 | 97,850 | 98,395 | +545 |
| 916 (22K) | 89,991 | 90,493 | +502 |
| 750 (18K) | 73,682 | 74,093 | +411 |
| 585 (14K) | 57,472 | 57,793 | +321 |
With this increase, 22 carat (916 purity) gold has reached Rs 90493 per 10 grams at the national level, which was Rs 89991 on the previous trading day. At the same time, the price of 18 carat gold has now become Rs 74093 and 14 carat gold has become Rs 57793 per 10 grams.
Slight rise in silver prices
Silver prices have also seen an increase today. On Friday, silver was Rs 112700 per kg, which has increased by Rs 60 today to Rs 112760 per kg.
These rates are benchmarks, taxes and charges will be levied on purchase
These rates released by IBJA are without GST. While purchasing at these rates, consumers have to pay making charges for making jewellery in addition to GST. These rates are decided on the basis of reporting by bullion traders and jewellers in major markets across the country.
Where to see the latest rates?
Information about the latest prices of gold and silver is released on the ibjarates.com website every morning and evening from Monday to Friday. Based on these figures, customers can estimate the rate before buying jewellery in their city.
Conclusion:
Today, there has been an increase in the prices of both gold and silver, which can be an important signal for customers planning for the festive or wedding season. Experts believe that the movement in the international markets and the position of the dollar can further affect the prices of gold and silver in the coming days.