Gold Price Drop: If you are planning to buy gold jewellery, this is a great opportunity. Today, a decline in gold and silver prices is being observed on both the Multi Commodity Exchange (MCX) and in the Indian Bullion and Jewellers Association (IBJA) market. According to MCX data, gold had reached a record high of ₹1,93,096; since then, the price has dropped by ₹51,796. Meanwhile, silver has hit an all-time high of ₹4,20,048 and has since fallen by ₹1,96,198.
According to the IBJA, the price of 999-purity gold stood at ₹1,39,434 per 10 grams on Wednesday afternoon, down ₹1,852. As for silver, the price of 999-purity silver was recorded at ₹2,21,355 per kilogram, down ₹4,070. Let us now look at the prices for 22-carat and 18-carat gold.
24-Carat Gold
According to the IBJA, the price of 24-carat (999) gold stands at ₹1,39,434 per 10 grams, down from ₹1,41,286 per tola. This indicates a price drop of ₹1,852.
23-Carat Gold
According to the IBJA, the price of 23-carat (995) gold stands at ₹1,38,876 per 10 grams, down from ₹1,40,720 per tola. This indicates a price drop of ₹1,844.
22-Carat Gold
According to IBJA, the price of 22-carat (916) gold stands at ₹127,722 per 10 grams, down from ₹129,418 per tola. This indicates a price drop of ₹1,696.
18-Carat Gold
According to IBJA, the price of 18-carat (750) gold stands at ₹104,576 per 10 grams, down from ₹109,564 per tola.
14-Carat Gold
According to IBJA, the price of 14-carat (585) gold stands at ₹81,569 per 10 grams, down from ₹82,652 per tola. This indicates a price drop of ₹1,083.
Silver Price
Silver with 999 purity is recorded at ₹221,355 per kilogram. This indicates a price drop of ₹4,070.
Note: The rates issued by IBJA do not include GST. Additionally, making charges must be paid separately. IBJA releases gold and silver prices five days a week.