Gold-Silver Price Today: Gold became cheaper than thought, slight rise in silver, know what is today’s price

Gold-Silver Price Today: The continuous fall in the prices of gold and silver has given a big opportunity to the buyers. After a long time, the price of gold has reached around Rs 52,000 per 10 grams. At the same time, today there has been a slight decline in the price of gold. Gold is cheaper by Rs 1 per gram compared to the previous day’s similar rates. So, one gram of 22 carat (K) gold is priced at ₹5239, eight grams is priced at ₹41,912, according to GoodReturns. Similarly, the price of one gram of 24K gold is ₹5715, whereas, for eight grams you will have to pay ₹45,720 and for 10 grams you will have to pay ₹57,150. However, these do not include taxes like GST, TCS and other levies. On the other hand, GoodReturns data shows that the daily rate of silver is the same as yesterday. In this too, an increase of 400 grams in one kg has been seen. Therefore, customers will have to pay ₹71.10 for one gram of metal, ₹568.80 for eight grams. Whereas the price of 10 grams of silver will be ₹ 711, and the price of 100 grams of silver will be ₹ 7110.

gold price

City 22 Carat(Rs/10gm) 24 Carat(Rs/10gm)

Ahmedabad ₹52,440 ₹57,200

Bengaluru, Hyderabad ₹52,390 ₹57,150

Kolkata, Mumbai ₹52,390 ₹57,150

Chennai ₹52,940 ₹57,750

Delhi ₹52,540 ₹57,310

Gold futures prices fall due to weak spot demand

Amid weak spot demand, speculators reduced the size of their deals, due to which the price of gold fell by Rs 10 to Rs 56,711 per 10 grams in futures trade on Thursday. In the Multi Commodity Exchange, the price of the contract for delivery in the month of December fell by Rs 10, or 0.16 percent, to Rs 56,711 per 10 grams. 16,193 lots were traded in this. Market analysts said that gold futures prices fell due to trimming of their deals by traders. Globally, gold fell by 0.01 percent to $ 1,834.90 an ounce in New York.

Gold reached its lowest level in five months

The price of gold has fallen by about Rs 5000 per 10 grams in the last five months. That means there has been a decline of about 8.14 percent in the price of gold. Let us tell you that in the last seven days the price of gold has fallen by about Rs 2577. If compared with May 5, 2023, on that day gold was at Rs 61,646 per 10 grams, which according to the data of India Bullion and Jewelers Association has come down to Rs 56,627 per 10 grams on October 4, 2023. This simply means that in the last five months the price of gold has come down by Rs 5019 per 10 grams from its high.

Silver futures prices rise due to strong spot demand

Silver prices rose by Rs 329 to Rs 67,214 per kg in futures trade on Thursday as traders increased the size of their deals amid strong spot demand. On the Multi Commodity Exchange, the price of silver contract for delivery in December increased by Rs 329, or 0.49 percent, to Rs 67,214 per kg. In this, 29,667 lots were traded. Market analysts said that amid the bullish trend in the domestic market, silver futures prices rose due to fresh buying by traders. Globally, the price of silver in New York rose by 0.54 percent to $ 21.26 an ounce.

How to identify the purity of gold

The purity of gold can be determined on the basis of carat. BIS Hallmark has been started by the government to measure the purity of gold. In this, more carat means more pure gold. Gold is divided into 24K, 22K and 18K carat. 24K gold is considered to be the purest. There is no adulteration of any kind in it. 22K gold consists of two parts metals like silver, zinc, nickel and the remaining part is gold. Most jewelery is made in 22k gold only. At the same time, 75 percent of 18K gold is gold. The remaining 25 percent is made up of other metals.

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