After a consistent rise in the past 3-4 days, gold and silver prices experienced a downturn on Tuesday. For those contemplating buying gold or silver, it’s crucial to be aware of the latest rates as of March 12, 2024. Following the recent adjustments, the new rates for gold and silver are around INR 67,000 and INR 76,000 per 10 grams, respectively. Let’s delve into the details of the latest rates in different cities for both 22 and 24-carat gold.
Gold and Silver Rates on March 12, 2024
Gold Rates
- 22 Carat Gold: The rates for 22-carat gold as of March 12, 2024, are as follows:
- In Bhopal and Indore, the price for 10 grams is INR 60,800.
- In Jaipur, Lucknow, Delhi, the market reflects a price of INR 60,890 for 10 grams.
- In Hyderabad, Kerala, Kolkata, Mumbai, the rates are around INR 60,740 per 10 grams.
- 24 Carat Gold: The rates for 24-carat gold on the same date are:
- In Bhopal and Indore, the price for 10 grams is INR 66,450.
- In Delhi, Jaipur, Lucknow, and Chandigarh, the market reflects a price of INR 66,410 for 10 grams.
- In Hyderabad, Kerala, Bangalore, and Mumbai, the rates are around INR 66,260 per 10 grams.
- In Chennai, the market shows a rate of INR 67,090 per 10 grams.
Silver Rates
- The price for 1 kilogram of silver stands at INR 75,100 in Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi, and Chennai.
- In Bhopal and Indore, the rate is INR 75,100 for 1 kilogram of silver.
Key Points to Consider
- Purity Standards: Gold is commonly available in 20 and 22-carat variants, with some individuals opting for 18-carat gold for jewelry. The purity of gold is indicated by hallmarks provided by the Indian Standard Organization (ISO).
- Gold Composition: 24-carat gold is considered 99.9% pure, while 22-carat gold has approximately 91% purity. 22-carat gold may include 9% other metals like copper, silver, and zinc for making jewelry.
- No Adulteration in 24 Carat Gold: 24-carat gold does not contain any impurities, making it suitable for coins. However, 24-carat gold jewelry is not practical, leading most jewelers to sell 18, 20, or 22-carat gold.
It’s important to note that the provided gold and silver rates are indicative, and for precise rates, individuals should consult their local jewelers or jewelry shops.
The mentioned rates are symbolic and do not include GST, TCS, or other applicable charges. For accurate rates, contact local jewelers or jewelry shops.