Gold-Silver Price Today: Gold prices continue to rise during Navratri. According to the GoodReturns website, on Monday, gold became costlier by Re 1 per gram compared to the previous day’s similar rates. Therefore, one gram of 22-carat gold has become ₹5541. Whereas, eight grams will be available for ₹44,328, 10 grams and 100 grams will be available for ₹55,410 and ₹5,54,100 respectively. At the same time, to buy 24K gold, the price of one gram will be ₹ 6045, for eight grams ₹ 48,360, for 10 grams ₹ 60,450 and for 100 grams ₹ 6,04,500 will have to be paid. These gold prices to customers do not include GST, TCS and other levies. According to experts, as the war crisis in West Asia deepens, gold prices will rise. The reason for this is that even today gold is considered a safe investment (safe investment) are seen as. Meanwhile, GoodReturns data shows that the daily rate of silver is the same as yesterday. Therefore, today the price of one gram of silver is ₹74.10, the price of eight grams is ₹592.80, the price of 10 grams is ₹741, whereas, the price of 100 grams is ₹7410 and the price of one kg of silver is ₹74,100.
Gold price in other cities
City 22 carats (per 10 grams) 24 carats (per 10 grams)
Ahmedabad ₹55,450 ₹60,500
Bengaluru ₹55,410 ₹60,450
Hyderabad ₹55,410 ₹60,450
Kolkata ₹55,410 ₹60,450
Mumbai ₹55,410 ₹60,450
Chennai ₹55,560 ₹60,610
Delhi ₹55,560 ₹60,600
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.
How to check purity of gold
To check the purity of gold, karat value is shown on gold jewellery, which shows its purity. 24 carat gold is completely pure. Low karat gold may contain a mixture of other metals. Also, the substitutability value of gold can be determined using the Specific Gravity Tester. This instrument measures the ratio between the weight of the gold and the weight you provide, allowing you to check the purity. In most countries, gold jewelery has a stamp that lets you check its karat and purity. Additionally, you can purchase special gold testing kits, which include various testing tools to identify non-gold. If you have doubts about the purity of gold, you can seek advice from a local gold corporation or a certified jeweler.
How is the price of gold determined in India?
Many factors influence the price of gold in India. Here are some important factors that can affect the price of gold:
-
international market rates: Import of gold in India mainly depends on the market rates of commercial markets such as London, New York, and China. Based on the activities happening in these markets, confident investors estimate the changes in the price of gold.
-
USD/INR rate: Valuation of dollar in India is also an important factor to determine the price of gold in Indian Rupee. When the valuation of the dollar changes, the price of gold in India may be affected.
-
gold supply: Supply of various gold accounts, jewellery, and markets can also impact the price of gold.
-
demand for gold: Demand for gold in utility, jewellery, manufacturing industries and various industries can also affect its prices.
-
Reserve Bank policies: Taken by Reserve Bank of India and Government. This may affect gold prices depending on the bank’s policies.
-
foreign component: Factors around the world such as economies, affordability, politics, and foreign investment status can also affect gold prices.
