In the Indian bullion market, gold and silver prices have witnessed a decline today, Monday. If you are planning to buy gold jewelry or invest, it is important to know today’s latest rates. As the market opened this morning, a softening was observed in both gold and silver prices. According to the latest report by the Indian Bullion and Jewellers Association (IBJA), 24-carat pure gold is being sold at ₹1,17,216 per 10 grams, while 22-carat gold is available at ₹1,07,448 per 10 grams. Meanwhile, 18-carat gold is trading at ₹87,912 per 10 grams. Talking about silver, today 1 kilogram of silver has reached a rate of ₹1,35,300.
Gold-Silver Related Latest News
If you want to know today’s gold rates in your city, the rates in major cities are given below. Cities like Delhi, Mumbai, Kolkata, Chennai, Bhopal, and Indore have different rates for 22-carat and 24-carat gold. For example, in Bhopal and Indore, 22-carat gold is available at ₹1,07,450 per 10 grams, while in Delhi, the same gold is sold at ₹1,07,420. The 24-carat gold rate in Delhi is ₹1,17,216.
What is Today’s Silver Rate?
Like gold, silver prices have also seen a decline today. In cities like Delhi, Mumbai, and Kolkata, 1 kilogram of silver has reached ₹1,35,300. In Chennai, Bhopal, and Indore, the same silver is available at ₹1,36,500 per kilogram. If you are planning to buy silver utensils or jewelry, today could be a good opportunity.
How to Identify Pure Gold?
If you want to know whether the gold is genuine or not, checking the hallmark is crucial. Gold certified by the Bureau of Indian Standards (BIS) bears a hallmark. 24-carat gold is 99.9% pure, while 22-carat gold is approximately 91.6% pure. The purity can be identified by the marks: ‘916’ on 22-carat, ‘750’ on 18-carat, and ‘875’ on 21-carat gold.
How Are Gold-Silver Prices Determined Daily?
Gold and silver prices are determined daily based on several factors, such as international demand and supply, the dollar rate, foreign exchange rates, and crude oil prices. When there is instability in the global market, investors consider gold a safe option, which increases its price. Conversely, during peaceful times, prices tend to fall.
Why is Gold So Special in India?
In Indian society, gold is not just a metal but a symbol of prosperity and auspiciousness. Buying gold is considered auspicious on weddings, festivals, birthdays, and other special occasions. This is why people from all segments of society are interested in buying gold. Regardless of price fluctuations, gold has always provided good returns and remains a safe investment option.
Disclaimer : This article is written for general informational purposes only. The rates mentioned are based on the Indian Bullion and Jewellers Association (IBJA) or other public sources and may vary depending on time and market conditions.