As the market opened on Friday, significant reductions were recorded in the prices of gold and silver. Gold saw a decline of ₹490 per 10 grams, while silver experienced a drop of ₹2000 per kilogram. Following these adjustments, the current rates for gold have crossed ₹67,000, and silver has surpassed ₹76,000.
Gold and Silver Prices on March 22, 2024
According to the latest updates from the bullion market, the rates for 22-carat gold on Friday are ₹61,500 for 10 grams and ₹67,080 for 24-carat gold. Meanwhile, the price of silver per kilogram stands at ₹76,000. These adjustments have brought gold rates close to ₹67,000 and silver rates near ₹76,500.
Rates in Major Cities for 22 and 24-Carat Gold
In various cities, the rates for 22 and 24-carat gold differ slightly. In Bhopal and Indore, the price for 10 grams of 22-carat gold is ₹60,450, while in Jaipur, Lucknow, and Delhi, it is ₹61,500. Hyderabad, Kerala, Kolkata, Mumbai, and other cities are trending around ₹61,350.
For 24-carat gold, the rates in Bhopal and Indore are ₹66,800 for 10 grams, while in Delhi, Jaipur, Lucknow, Chandigarh, and other cities, it is around ₹67,080. Hyderabad, Kerala, Bengaluru, Mumbai, and Chennai are trading close to ₹66,930.
Current Price of Silver
On Friday, the price of 1 kilogram of silver stands at ₹76,500 in cities like Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, and Delhi. Meanwhile, in Chennai, Madurai, Hyderabad, Kerala, and other cities, it is priced at ₹79,500. In Bhopal and Indore, the rate for 1 kilogram of silver remains at ₹76,500.
Key Points to Know about Gold Purity
- 24-carat gold is considered 100% pure (99.9%).
- 22-carat gold is 91.7% pure.
- Hallmarks indicating gold purity are usually found on gold jewelry.
- 24-carat gold jewelry is rare due to its softness, so 18, 20, and 22-carat gold are more commonly used.
- Gold rates mentioned are indicative and do not include taxes. For precise rates, it is advisable to contact local jewelers.
The fluctuations in gold and silver prices present opportunities for investors and buyers. However, it’s crucial to stay informed about the latest rates and consider factors like purity and taxes before making any investments or purchases.