Gold and Silver Rates Today in India: Good time to buy?

India places all its faith in gold, with strong social and natural connections to gold. Gold in India is believed to be representing wealth, purity, and a welfare godden. Therefore, when consumed during weddings or festive, gold is always thought to be a major catch. On the other hand, Silver acts as a significant trigger for ornamental use. Also for religious purposes, and likewise as a medium of investment. The two metals continue to remain enrooted in the realms of economic circularity and identity and are endlessly useful for the nation.

Gold and Silver Rates:

Gold Price
24K Gold: Rate: INR 101,40 per gram (Fall of INR 88 yesterday)

22K Gold: Rate: INR 9,295 per gram (Fall of INR 80 yesterday)

18K Gold: Rate: INR 7,605 per gram (Fall of INR 66 yesterday)
Prices are indicative in nature sourced from recognized jewelers; the rates may fluctuate from city to city and do not include taxes such as GST and other levies.

Silver Prices
The Silver: Rate of INR 115 per gram (Fall of INR 2)

Silver: Rate of INR 1,15,000 per kilogram (Fall of INR 2000)
Prices are almost similar at varying increments across major cities: 12,600 to 12,400 INR every 100 g., 1,250 for every 10 g., 1,25,000 to 1,15,000 for 1 Kg.

Silver is undertaking an upward trend in the recent months.

Buying Tips

Gold has most of its usual character to fend off inflation—this might have convinced traders to book some profits or shift their macroeconomic sentiments.

Silver, however, is used more widely in industry and investment. The precious white metal is very sought after in many different industries.

Ask around for rates to make comparisons; making charges and GST rates are notorious suspects for price variations between two cities.

Check purity tags: Look for BIS hallmarks–silver not yet compulsory, but will assure quality.

Looks for opportunity: Festivals or weddings occur when a favorable price can be quoted.

Look into what you are buying: Coins/bars, it is good to buy and then stiff some jewelry, as the cost of a making charge is bound to differ.

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