Suspense crime, Digital Desk : Gold and silver prices are climbing once again across India’s bullion markets, driven by a powerful combination of strong wedding season demand and shifting international market trends. Investors and consumers looking to buy precious metals are seeing higher price tags today.
According to the official rates released by the Indian Bullion and Jewelers Association (IBJA), the national benchmark for precious metals is as follows:
24-Karat Gold (99.9% pure): Priced at ₹74,510 per 10 grams.
22-Karat Gold (standard for jewelry): Quoted at ₹68,300 per 10 grams.
18-Karat Gold: Trading at ₹55,880 per 10 grams.
Silver: The price for silver has reached ₹94,000 per kilogram.
It is crucial for buyers to remember that these IBJA rates are the base price for the metal itself. The final price you pay at a jewelry store will be higher, as it will include government-levied GST and the jeweler’s individual “making charges,” which vary depending on the intricacy of the design.
Prices also show minor fluctuations across different regions. For example, the cost of 22K gold in major cities like Delhi, Mumbai, and Chennai hovers around the same benchmark but may differ slightly based on local market dynamics.
For those who want to stay updated on the go, the IBJA offers a convenient service. Consumers can get the latest retail rates sent directly to their mobile phones simply by giving a missed call to the number 8955664433.
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