Again Gold Prices Increase- Is It the Right Time to Buy?

“Stretched beyond limits- Fresh surge in 14K, 18K, 22K & 24K gold prices across major Indian cities“.

The price of gold in India received a fresh column raising today after many days of downward trends. The India Bullion and Jewellers Association (IBJA) reported that 24 carat gold is now rated at ₹89,358 for 10 grams from the earlier close of ₹88,550. Such a quick sedimentation in prices would definitely stir the market and make potential customers rethink investing in gold.

Latest Updated Gold Rates by Purity-14K, 18K, 22K, and 24K

According to ibjarates.com website, the price of gold purity is as follows:

24K (995 purity): ₹89,000 per 10 grams

22K (916 purity): ₹81,852 per 10 grams

18K (750 purity): ₹67,019 per 10 grams

14K (585 purity): ₹52,274 per 10 grams

Therefore, the pricing reveals the official market value which is quite important for all who buy gold jewellery or invest in bullion.

The City Comparison Today of Gold Prices: Chennai, Mumbai, Delhi, Kolkata, Ahmedabad and Jaipur

The gold rates tend to differ slightly between cities. Such differences could arise from tax provisions, local demand, or logistics. Here are the revised gold rates for today:

In Chennai, 24K gold costs 89,730, while 22K gold will set one back ₹82,250.

Mumbai corroborates the same with 24K gold costing ₹89,730 and 22K at ₹82,250.

In Delhi and Jaipur, prices have gone up by ₹89,880 and ₹82,400 for 24K and 22K.

In Ahmedabad, prices are ₹89,780 for 24K and ₹82,300 for 22K.

Kolkata remains unchanged at ₹89,730 for 24K and ₹82,250 for 22K.

Today the Prices Drop for Silver: Current Price of Silver per Kilogram

Right now silver prices are reduced as compared to gold. Today silver has come down to ₹90,010 per kilogram down from the previous day’s ₹90,363.

Today’s Reason behind Gold Prices- Buyer’s Viewpoint

One buys gold or silver or invests in it. But with fluctuating prices buyers have started to tread carefully. BIS hallmarks jewelry for assurance on purity-999 for 24K, 916 for 22K and 750 for 18K. Always check for BIS certification before buying.

Is This The Right Time To Invest In Gold?

When gold prices seem to be shooting up almost every minute, it becomes too heavy on the pockets of common men who can very rarely afford gold jewellery. So whether you are buying gold for investing or traditions, keeping an eye on the price rate every day is very much important so that the best deal can be secured.