Gold Price Down Today:- The decline in gold and silver prices continues. Gold and silver prices fell sharply on October 28th. The price of gold in the bullion market has fallen by approximately ₹2,000 per 10 grams, while silver has fallen by ₹1,631. According to the India Bullion and Jewellers Association (IBJA), the price of gold has fallen by ₹1,913 to ₹1,19,164. Previously, the price of gold was ₹1,21,077 per 10 grams. Silver, meanwhile, fell by ₹1,631 to ₹1,43,400 per kilogram. Previously, its price was ₹1,45,031 per kilogram. IBJA’s gold prices do not include 3% GST and making charges. Therefore, the rates in your city may differ. So let’s take a look at the latest gold rates:
What is the latest gold rate today?
According to data from ibjarates, the 24-carat gold rate is ₹119,164 per 10 grams. Previously, on Monday evening, the 24-carat gold rate closed at ₹121,077 per 10 grams. Compared to yesterday, the price of 24-carat gold has fallen by ₹1,913 today. 23-carat gold was selling for ₹120,593 per 10 grams on the evening of October 27th, but has now dropped to ₹118,687 per 10 grams. The price of 23-carat gold has fallen by ₹1,906. Furthermore, the cost of 22-carat gold remains at ₹109,154 per 10 grams today. Meanwhile, the price of 18-carat gold has reached ₹89,373 per 10 grams. Finally, the cost of 14-carat gold has reached ₹69,711 per 10 grams. By Monday evening, it was recorded at ₹70,831 per 10 grams.
The wedding season is just beginning in India. Consequently, the decline in gold and silver prices has brought smiles to people’s faces.
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.