Gold Price Today:- Gold prices fell sharply on May 12, while silver prices have once again seen a jump. Gold futures on the commodity exchange MCX in India fell by Rs 3,565 or 3.69 per cent to Rs 92,985 per 10 grams. The biggest reason for the fall in gold prices in the country and abroad is the big deal regarding tariffs between the US and China.
A ceasefire has been issued between India and Pakistan. Gold prices on the Multi Commodity Exchange of India (MCX) fell sharply today, i.e. Monday, tracking a decline in international bullion prices, as hopes raised over a US-China trade deal improved investors’ risk appetite and reduced the safe-haven appeal for the yellow metal.
Gold prices on MCX opened at ₹ 95,500 per 10 grams against the previous close of ₹ 96,518. The price of silver on MCX was trading at ₹ 96,151 per kg, down by ₹ 578 or 0.60%. If you are thinking of buying gold, then you must know the rate of gold once before that:-
What is the latest rate of gold today?
According to the India Bullion and Jewellers Association, 995 purity gold is Rs 94015 per 10 grams. At the same time, the price of 916 (22 carat) purity gold is Rs 86464 per 10 grams. Apart from this, the cost of 750 (18 carat) purity gold is Rs 70795 per 10 grams. At the same time, the price of 585 (14 carat) purity gold is Rs 55220 per 10 grams. Whereas, the cost of 999 purity silver is Rs 95917 per kg.
Please note that all gold and silver rates mentioned here include charges and GST. The rates issued by IBJA are uniform nationwide. No GST is included in this. GST must be paid separately on the making charge if you have jewellery made.
Let us tell you that the rates of the bullion market are issued by the India Bullion and Jewellers Association, which does not include GST. There may be a difference of Rs 1000 to Rs 2000 in the price of your city. IBJA releases rates twice a day, once in the afternoon and a second time around 5 pm.