Gold Slips but Still Near ₹98,000 – Is Now the Right Time to Buy?
Gold prices saw a slight dip today, June 9, but rates are still hovering close to the ₹98,000 mark for 24-carat purity. Before you go to your jeweller if you have plans of buying or investing, you have to look at the latest news.
Ten grams of 24 carat gold costs in main cities including Jaipur, Mumbai, Delhi, etc. is calculated between ₹97,960 and ₹98,110. The cost of the 22-carat one is calculated between ₹89,790 and ₹89,940. Although a dip, prices remain premium, and hence the preference of gold as the top choice by investors and consumers.
Current IBJA Rates on June 9
According to the India Bullion and Jewellers Association (IBJA), here are today’s official rates of gold by 10 grams:
995 purity (almost 24K): ₹95,335
916 purity (22K): ₹87,678
750 purity (18K): ₹71,789
585 purity (14K): ₹55,995
Silver (999 purity): ₹1,05,290 per kg
These are common rates all over the country but do not take into account GST. GST is levied additional on jewellery making costs. IBJA refreshes these prices twice a day— once at noon and again by evening.
City-Wise Gold Price Snapshot
Gold price in important cities today (per 10 grammes):
Delhi
22K: ₹89,940 | 24K: ₹98,110
Mumbai
22K: ₹89,790 | 24K: ₹97,960
Chennai
22K: ₹89,790 | 24K: ₹97,960
Kolkata
22K: ₹89,790 | 24K: ₹97,960
Jaipur, Noida, Ghaziabad
22K: ₹89,940 | 24K: ₹98,110
Is It Worth Investing Now?
With prices a bit lower today, some would say this is the time of opportunity to purchase—particularly with wedding season approaching. But with global forces affecting the market on a daily basis, it would be best to be informed and consult your local jeweller or financial advisor before plunking down that exorbitant amount of cash.
Whatever you purchase in the form of bullion or gold ornaments, always check rates against original sources and ensure you look for recent charges. One thing is certain, gold sparkles even with the slight variations.