Ahead of Akshaya Tritiya, there is a continued fluctuation in the prices of gold and silver. On May 6, 2024, there has been an increase of ₹220 in gold prices and ₹1000 in silver prices. After the new rates, the price of gold has surpassed ₹72,000 while silver rates have crossed ₹84,000. Let’s take a look at the fresh rates of 18, 22, and 24-carat gold in different cities.
Today’s Gold and Silver Rates
On Monday, as per the announcements by the bullion market, the fresh rates for 22-carat gold on May 6, 2024, are ₹66,200 for 10 grams, while 24-carat gold is trending at ₹72,200 and 18 grams at ₹54,160. The price of 1 kilogram of silver stands at ₹84,000.
18 Carat Gold Rates Today
In the Delhi bullion market, the price of 10 grams of gold today is ₹54,160, while in Kolkata and Mumbai, it is ₹54,040 and ₹54,150 respectively.
22 Carat Gold Rates Today
In Bhopal and Indore, the price of 10 grams of gold today is ₹66,150, while in Jaipur, Lucknow, Delhi, and Chandigarh bullion markets, it is ₹66,200. In Hyderabad, Kerala, Kolkata, Mumbai, it is trending at ₹66,050.
24 Carat Gold Rates Today
In Bhopal and Indore, the price of 10 grams of gold is ₹72,100 today, while in Delhi, Jaipur, Lucknow, and Chandigarh, it is ₹72,200. In Hyderabad, Kerala, Bangalore, Mumbai, it is at ₹72,050, and in Chennai, it is ₹72,110.
Today’s Silver Rates
In Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, and Delhi bullion markets, the price of 1 kilogram of silver today is ₹84,000, while in Chennai, Madurai, Hyderabad, and Kerala, it remains the same at ₹84,000. However, in Bhopal and Indore, it is priced at ₹87,500 for 1 kilogram.
Things to Know Before Buying Gold
- Gold purity is identified by hallmarks provided by the Indian Standard Organization (ISO).
- Gold is usually sold in 20 and 22-carat purity, although some may use 18-carat gold for jewelry.
- Jewelry marked as 24-carat gold is 99.9% pure, while 22-carat gold contains approximately 91% purity.
- 22-carat gold often contains other metals like copper, silver, and zinc, to make jewelry.
- Jewelry made of 24-carat gold cannot be produced as it is too soft, hence most jewelers sell 18, 20, and 22-carat gold.
- It’s important to check the purity and hallmark of gold before purchasing.
As the markets fluctuate, it’s essential for buyers to stay updated on the current rates and make informed decisions before investing in gold or silver.