For those planning to buy gold or silver on this Monday, it’s crucial to stay informed about the latest rates. As of February 19, the gold prices have witnessed an increase of ₹270 per 10 grams, while there is a reduction of ₹500 per kilogram in silver prices.
Gold and Silver Prices Today – February 19, 2024
If you’re contemplating purchasing gold or silver for an upcoming family function or wedding, it’s advisable to check the rates for Monday, February 19. There have been notable changes in the prices today, with gold experiencing an upswing of ₹270 per 10 grams, and silver witnessing a decline of ₹500 per kilogram.
Latest Gold Rates on Monday
As of today, the gold rates released by the Sarafa market indicate that 22-carat gold is priced at ₹57,600 per 10 grams, 24-carat gold is at ₹62,820 per 10 grams, and 18 grams is at ₹47,130. Following the recent adjustments, the new rates have pushed the price of gold beyond ₹62,000.
Gold Rates in Major Cities for 22 and 24 Carats
For those looking to purchase 22-carat gold in cities like Bhopal and Indore, the rate is ₹57,400 per 10 grams. In Jaipur, Lucknow, and Delhi Sarafa markets, it stands at ₹57,600, while in Hyderabad, Kerala, Kolkata, and Mumbai, the rate is ₹57,450.
Moving on to 24-carat gold, in Bhopal and Indore, the rate is ₹62,500 per 10 grams. In Delhi, Jaipur, Lucknow, and Chandigarh Sarafa markets, the rate is ₹62,820, and in Hyderabad, Kerala, Bengaluru, and Mumbai, it is ₹62,670. Chennai Sarafa market reports a rate of ₹63,050.
Silver Rates Today – February 19, 2024
For those interested in silver, the rate per kilogram today is ₹76,000 in Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi Sarafa markets. In Chennai, Madurai, Hyderabad, and Kerala, the rate is slightly higher at ₹77,500. Meanwhile, Bhopal and Indore report a consistent rate of ₹76,000 per kilogram.
Understanding Purity and Hallmarks
When purchasing gold, it’s important to look for hallmarks provided by the Indian Standard Organization (ISO). The purity is indicated with markings such as 999 for 24 carats, 958 for 23 carats, 916 for 22 carats, 875 for 21 carats, and 750 for 18 carats.
In conclusion, before making any gold or silver purchases, make sure to verify the authenticity and purity of the metal. Reach out to local jewelers for accurate and up-to-date information. The rates provided here are indicative and do not include GST, TCS, or other applicable charges.