Gold-Silver Rates Today: The gold and silver rates have increased again today (Monday). Gold rates have been steadily rising. Gold and silver prices have been steadily rising for some time. It’s impossible to predict when gold and silver prices will decline. Festival season is currently underway in India, and the wedding season is about to begin. During these times, the demand for gold and silver increases even more. According to the India Bullion and Jewellers Association, gold and silver prices surged on Monday, September 29. The price of gold has crossed ₹115,000 per 10 grams. Silver is also trading at over ₹144,000 per kilogram.
According to the India Bullion and Jewellers Association, gold of 999 purity rose by ₹2,030 this morning to ₹115,292. Now, gold prices have risen again. Gold with 999 purity has reached ₹115,454 per 10 grams. So, let’s take a look at the latest gold rates:
What is the latest gold rate?
According to the rates published on ibjarates.com on the evening of September 29, the price of 995 purity gold is ₹114,992 per 10 grams. Meanwhile, the cost of 22-carat gold with a purity of 916 is ₹105,756 per 10 grams. Furthermore, the price of 750 purity gold has risen to ₹86,591 per 10 grams. The price of 585 purity gold is ₹67,541 per tola.
What is the silver rate?
Silver prices have risen to ₹1,44,387 per kilogram today. The prices released by the Indian Bullion Jewellers Association provide standard prices for gold of different purities. If you’re looking to buy gold for jewellery, 22-carat gold is considered the best. This does not include taxes, making charges, or GST.
Why are prices rising?
According to Ajay Kedia, President of Kedia Commodities, gold and silver prices continue to rise. The reasons behind this are the Fed’s rate cut, dollar weakness, geopolitical tensions, US job data, central bank purchases, and the festive season.