Gold Rate Today: On the one hand, in Budget 2023, imported gold, silver, and platinum jewellery was announced to be more expensive. On the other hand, the prices of gold and silver in the Indian bullion market have risen as well. Gold prices have risen. At the same time, the price of silver has risen. 10 grammes of pure 24 carat gold sells for more than 57 thousand rupees, while silver of 999 purity sells for more than 58 thousand rupees per kg.
According to the official portal of the India Bullion and Jewelers Association (IBJA), the price of 24-carat gold of 999 purity in the bullion market increased to Rs 57,426 per 10 grammes, while the price of silver of 999 purity remained higher. It has now reached Rs 68,794 per kg. This morning, the price of ten grammes of 995 purity gold has risen to Rs 57,196. At the same time, the price of 916 purity gold has risen to Rs 52,602 today. Aside from that, the price of 750 purity gold has dropped to Rs 43,070. At the same time, gold of purity 585 has dropped to Rs 33,594 today.
Gold and silver prices in Major Cities
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 52,900 | Rs 72,300 |
| MUMBAI | Rs 52,750 | Rs 72,300 |
| KOLKATA | Rs 52,750 | Rs 72,300 |
| CHENNAI | Rs 53,600 | Rs 74,800 |
Gold Rate Today: What’s up on MCX?
On MCX, Gold February Future was trading up by 28 percent to Rs 56,444 per 10 grams in the afternoon trade. In contrast to this, Silver March futures dipped 0.27% to Rs 68,043 per kg.
During August 2020, gold price touched Rs 57,191 per 10 grams on MCX. Gold was seen at Rs 56,981 per 10 grams on MCX this morning. That means gold is getting only 210 rupees cheaper than the record price.
Multi Commodity Exchange of India is the full form of MCX. It is an autonomous body for commodity exchange in India. It offers to trade in bullion, energy and agricultural commodities apart from non-ferrous metals.
This is an exchange for commodities like the BSE is for stocks and shares. The MCX sells the products in bulk.
The price for the asset depends upon various factors and is not determined at MCX. The MCX Silver rates are set by trading activity and a bunch of different other factors.
Gold Rate Today: As per IBJA, these are the prices of gold and silver
The price of gold and silver has decreased today compared to yesterday, according to IBJA. The price of gold has decreased from Rs 56084 per 10 kilos yesterday evening to Rs 56521 per 10 grammes today. The cost of silver, on the other hand, dropped from Rs. 68304 per kg. last evening to Rs. 68686 per kg.
Here’s how to know the latest price of gold by giving a missed call
You can give a missed call on 8955664433 to know the retail rates of gold. Shortly after giving a miss call on this number, you will get the rates through SMS. Along with this, you can see www.ibja.com or ibjarates.com for constant updates or information.
This is how you can determine the purity of gold
If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint about it.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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