Gold Price Today: Gold and silver prices are steadily rising, but there are occasional slight declines. The GST rate cuts took effect on September 22. With the implementation of the new GST rates on Monday, September 22, gold prices have seen a sharp rise. According to the India Bullion and Jewellers Association website, as of Friday, the price of 24-carat gold was ₹109,775 per 10 grams, while the cost of silver reached ₹128,000 per kg.
Gold prices have risen in the domestic futures market as investors closely monitor key US economic data for the week, including GDP, manufacturing and services PMI, and the PCE price index. However, the GST 2.0 reform for jewellery products will leave the 3% GST on gold and silver jewellery unchanged, and will increase the making charge by 5%. On the other hand, gold coins and bars will still be subject to a 3% GST.
The current prices of 24-carat gold, 22-carat gold, and 18-carat gold in India are ₹11,258 per gram, ₹10,320 per gram, and ₹8,444 per gram, respectively. The price of 10 grams of 24-carat gold in India is ₹1,12,580, up from ₹1,12,150 on Sunday. Similarly, the cost of 100 grams of 24-carat gold in India reached ₹11,25,800 on Monday.
The price of 10 grams of 22-carat gold in India reached ₹1,03,200, up from ₹1,02,800 the previous day. Similarly, the cost of 100 grams of 22-carat gold in India has reached ₹10,32,000, up from ₹10,28,000 on Sunday.
The price of 18-carat gold per 10 grams in India has now risen to ₹84,440, up ₹330 from ₹84,110 on Sunday. Similarly, the price of 18-carat gold per 100 grams in India on Monday was ₹844,400.