Gold and silver prices have experienced a decline today, March 15, 2024, marking a favorable opportunity for those considering purchasing these precious metals. After a consistent increase, the market opened today with reduced rates for both gold and silver. Let’s take a look at the current rates for 22 and 24 karat gold in different cities.
Gold and Silver Prices Today
According to the latest rates released by the bullion market, the prices for gold and silver today stand at approximately Rs. 66,000 for 22 karat gold, Rs. 66,270 for 24 karat gold, and Rs. 77,000 for silver per kilogram.
City-wise Rates for Silver
In cities like Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi, and Sarafa Bazaar, the price for 1 kilogram of silver is Rs. 77,000. However, in Chennai, Madurai, Hyderabad, and Kerala, the rate is slightly higher, at Rs. 80,000 per kilogram.
City-wise Rates for 22 Karat Gold
In cities like Bhopal and Indore, the price for 10 grams of 22 karat gold is Rs. 60,600. Conversely, in cities like Jaipur, Lucknow, Delhi, and Chandigarh, the rate is around Rs. 60,760 for 10 grams. In Hyderabad, Kerala, Kolkata, Mumbai, and Sarafa Bazaar, the rate stands at approximately Rs. 60,610 for 10 grams.
City-wise Rates for 24 Karat Gold
In cities like Bhopal and Indore, the price for 10 grams of 24 karat gold is Rs. 66,150. Meanwhile, in Delhi, Jaipur, Lucknow, and Chandigarh, the rate is about Rs. 66,270 for 10 grams. In Hyderabad, Kerala, Bangalore, Mumbai, and Sarafa Bazaar, the rate stands at approximately Rs. 66,120 for 10 grams. Chennai’s market reflects a slightly higher rate of around Rs. 66,940 for 10 grams of 24 karat gold.
Insights on Gold Purity
Gold jewelry is typically sold in 20 or 22 karats, although some may prefer 18 karat gold for their ornaments. The purity of gold jewelry is indicated by hallmarks, with 24 karat gold being 99.9% pure. Jewelry made of 22 karat gold contains approximately 91% purity, with the remaining 9% being other metals like copper, silver, or zinc, used for crafting the jewelry.
With the decline in gold and silver prices today, it presents a favorable opportunity for investors and buyers alike. However, it’s essential to stay updated with the latest market trends and consult with experts before making any investment decisions in precious metals.