Gold Price Today:- The demand for gold and silver increases greatly during the wedding season. After reaching above one lakh, gold and silver prices are currently witnessing a continuous decline. The condition of gold is deteriorating in May. 24 carat gold has become cheaper by Rs 220 per 10 grams today, on May 5.
Today, 24-carat gold opened at Rs 93734 per 10 grams in the bullion market. Whereas, silver became cheaper by Rs 407 and remained at Rs 93718 per kg. After the GST imposition, the gold rate will be around Rs 96546 per 10 grams.
Let us tell you that the rates of the bullion market have been released by the India Bullion and Jewellers Association, which does not include GST. There may be a difference of Rs 1000 to Rs 2000 in your city. IBJA releases the rate twice a day. Once around 12 noon and second around 5 o’clock.
What is the latest rate of gold today?
According to the India Bullion and Jewellers Association, the price of gold of 995 purity is Rs 93359 per 10 grams. At the same time, the price of gold of 916 (22 carat) purity is Rs 85860 per 10 grams. Apart from this, the cost of gold of 750 (18 carat) purity is Rs 70301 per 10 grams. At the same time, the price of gold of 585 (14-carat) purity is Rs 54834 per 10 grams. Whereas, the cost of silver of 999 purity is Rs 93718 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. If you have jewellery made, then GST must be paid separately on the making charge.