Gold Price Crash – Check 24-Carat & 22-Carat Live Rates Per 10 Gram
Gold Rates Down: Gold prices declined today, Friday. Meanwhile, silver rates surged by up to ₹1,625. So, let’s find out what the latest gold rates are, according to the Indian Bullion and Jewellers Association.
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Gold Price Crash
Gold Rate Down: Daily fluctuations are being observed in gold and silver prices. The Indian Bullion and Jewellers Association (IBJA) has released the gold rates for the day. While gold prices are marginally declining today, silver prices have surged. According to the latest report from the Indian Bullion and Jewellers Association, the rate for 24-carat gold today—Friday—stands at ₹158,354 per 10 grams.
Previously, on Thursday evening, the rate for 24-carat gold in the bullion market was ₹158,947 per 10 grams. Compared to yesterday, gold prices have declined by ₹593 per 10 grams today. Turning to silver, its prices have shown an upward trend. The rate for 1 kilogram of silver has surged by ₹1,625. The silver rate currently stands at ₹267,433 per 10 grams. So, let’s take a look at the latest gold rates:
23-Carat Gold Rate
According to the Indian Bullion and Jewellers Association, the rate for 23-carat gold today—Friday—is ₹157,720 per 10 grams.
22-Carat Gold Rate
According to the Indian Bullion and Jewellers Association, the rate for 22-carat gold today—Friday—is ₹145,052 per 10 grams.
18-Carat Gold Rate
According to the Indian Bullion and Jewellers Association, the rate for 18-carat gold today—Friday—is ₹118,766 per 10 grams.
14-Carat Gold Rate
According to the Indian Bullion and Jewellers Association, the rate for 14-carat gold today—Friday—is ₹92,637 per 10 grams.
The rates released by the Indian Bullion and Jewellers Association—both in the morning and evening—do not include GST. Consequently, the final price of gold jewellery increases significantly once making charges and GST are added at the time of purchase. All things considered, the prices of gold and silver have fallen significantly from their record highs.
Gold Import Duty
The government is adopting a very strict stance regarding gold imports. Last week, the Central Government hiked the import duty on gold from 6 per cent to 15 per cent. Consequently, importing gold into India from abroad has become significantly more expensive. Prime Minister Modi has appealed to the public to refrain from purchasing gold and silver for one year.
Priyanka Singh
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