Gold-Silver Rates: Gold and silver prices witnessed significant fluctuations last week. Gold prices saw sharp increases at times, followed by slight declines. If you are considering investing in gold and silver or buying jewellery, you should check the latest gold and silver rates beforehand. Despite a dip last Friday, silver prices rose over the week, and gold prices also increased. Gold and silver prices surged in bullion markets in Delhi, Mumbai, and other cities.
Silver Price
Silver prices have changed considerably over the past week. On January 2nd, the futures price of silver with a March 5th expiry on MCX was recorded at Rs 2,36,316 per kilogram, and over the week, it surged to Rs 2,59,692. However, silver prices fell in the last trading days, closing at Rs 2,52,002 per kg last Friday, a decline of Rs 723. Over the week, it gained Rs 15,686.
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How much cheaper is silver?
The high on the Multi Commodity Exchange was Rs 2,59,692 per kg, and it closed at Rs 2,52,002 last Friday. Based on this, silver is still available at Rs 7,690 per kilogram, cheaper than its high.
In Patna’s jewellery market, one kilogram of silver is selling for Rs 2,47,500, up from Rs 2,39,800. After adding GST, the price becomes Rs 2,54,925 per kg. Similarly, the sale price of one kilogram of hallmarked silver jewellery was recorded at Rs 2,42,500 per kg. If GST is added, the price becomes Rs 2,49,755. 24 Karat Gold: ₹1,37,120/10 grams
22 Karat Gold: ₹1,33,830/10 grams
20 Karat Gold: ₹1,22,040/10 grams
18 Karat Gold: ₹1,11,070/10 grams
14 Karat Gold: ₹88,440/10 grams
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Please note that the gold and silver rates published on the IBJA website do not include making charges and GST. You will have to pay the applicable GST and making charges in addition to these prices. These additions will increase the final price.