The prices of gold and silver are jumping up and down these days as if a child is playing in the park! Yesterday again a slight decline was seen in the price of gold, for the second consecutive day! Yes, it is decreasing a little this week, but is still stuck above Rs 85 thousand. And silver is not far behind, it has also seen a slight rise. If you are thinking of buying gold and silver, then know the latest prices.
For the last few months, the prices of gold and silver are constantly fluctuating. Sometimes they increase suddenly, and sometimes they decrease slightly. Remember the day when the price of 24-carat gold was around Rs 62 thousand for 10 grams? Now it has crossed Rs 86 thousand as well! Today, the price of gold of 999 purity is Rs 85,723 per 10 grams, and silver of 999 purity is being sold at Rs 95,875 per kg.
What is the price of different carats?
995 purity (approximately 23 carats): Rs 85,380 per 10 grams.
916 purity (22 carats): Rs 78,522 per 10 grams.
750 purity (18 carats): Rs 64,292 per 10 grams.
585 purity (14 carats): Rs 50,148 per 10 grams.
Silver (999 purity): Rs 95,875 per kg.
Note: These prices are taken from the website of the Indian Bullion Jewelers Association (IBJA). These do not include taxes and making charges. When you go to buy jewelry, the price will be slightly higher because the tax will also be included in it.
How is the price of gold decided?
The price of gold depends on many things, such as:
The price of gold in the international market.
Government taxes.
Fluctuation in the value of the rupee.
Demand for gold. The demand increases a lot during weddings and festivals.
