Gold Rate Live Today: Gold and silver prices are fluctuating daily. Gold prices are continuously rising. If you are considering buying gold or silver jewellery, you should check the latest gold rates before making a purchase. Gold and silver rates reached an all-time high for the second consecutive day on January 13th. According to the India Bullion and Jewellers Association (IBJA), the price of one kilogram of silver increased by ₹6,566 to ₹2,62,742.
Previously, it was at ₹2,57,283. Including GST, silver is now priced at ₹270,629 per kilogram. Meanwhile, the rate of 24-karat gold increased by ₹33 to an all-time high of ₹1,40,482. Including GST, it is now ₹144,690 per 10 grams.
On Monday, silver closed at ₹256,776 without GST, while gold closed at ₹140,449 per 10 grams without GST.
What are the latest gold rates?
According to the India Bullion and Jewellers Association (IBJA), 23-karat gold increased by ₹32 to ₹139,919 per 10 grams today. Including GST, its price is now ₹144,116. This price does not include making charges. Additionally, 22-karat gold rose by ₹31 to ₹128,682 per 10 grams. Including GST, it is now ₹132,542. Furthermore, 18-karat gold opened ₹25 higher at ₹105,362 per 10 grams, and with GST, its price reached ₹108,522 per 10 grams. Similarly, 14-karat gold opened ₹19 higher at ₹82,182, and including GST, it is ₹84,647.
The gold and silver prices released by IBJA do not include the 3% GST, making charges, or jeweller’s margin. Therefore, rates may vary across cities. These rates are used by the RBI to determine the price of Sovereign Gold Bonds.
Two main reasons for the surge in gold prices:
Weak dollar – The US interest rate cuts have weakened the dollar and reduced the cost of holding gold, encouraging people to buy.
Geopolitical factors – The Russia-Ukraine war and rising global tensions have led investors to view gold as the safest investment and to buy it accordingly.