Today, on Monday, as soon as the market opened, there was a notable decline in the prices of gold and silver. On March 18, there has been a decrease of Rs. 200 to Rs. 300 in the prices of both gold and silver. After the new rates, the price of gold stands at around Rs. 67,000 and the price of silver at around Rs. 77,000 per kilogram. Let’s take a look at the current rates of 22 and 24 carat gold in various cities.
Gold Rate for March 18, 2024
As per the latest rates released by the bullion market today, the price trend for 22 carat gold (Gold Rate Today) on March 18 is around Rs. 60,530 for 10 grams, while for 24 carat gold, it is approximately Rs. 66,020 for 10 grams. The rate for 18 grams is trending at around Rs. 49,520. Moreover, the price of 1 kilogram of silver (Silver Price Today) is around Rs. 77,000.
City-wise Rates for 22 Carat Gold
- In Bhopal and Indore, the price for 10 grams of gold is Rs. 60,500.
- In Jaipur, Lucknow, Delhi, and Chandigarh, the rate for 10 grams of gold is Rs. 60,530.
- In Hyderabad, Kerala, Kolkata, Mumbai, the price is around Rs. 60,380 for 10 grams.
City-wise Rates for 24 Carat Gold
- In Bhopal and Indore, the price for 10 grams of gold is Rs. 66,100.
- In Delhi, Jaipur, Lucknow, and Chandigarh, the rate for 10 grams of gold is Rs. 66,020.
- In Hyderabad, Kerala, Bangalore, Mumbai, the price is around Rs. 65,870 for 10 grams, while in Chennai, it is Rs. 66,440.
Current Rate for 1 Kilogram of Silver
- In Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, and Delhi, the price for 1 kilogram of silver is Rs. 77,000.
- In Chennai, Madurai, Hyderabad, and Kerala, the rate is Rs. 80,000 per kilogram.
Key Points about Gold Purity
- Gold purity is identified by hallmarks given by the Indian Standard Organization (ISO).
- Gold is commonly sold in 20 and 22 carats, while some also use 18 carats for jewelry.
- The purity marks for gold are 999 for 24 carats, 958 for 23 carats, 916 for 22 carats, 875 for 21 carats, and 750 for 18 carats.
- 24 carat gold is 99.9% pure, while 22 carat gold is approximately 91% pure.
- Jewelry made with 22 carat gold often contains 9% other metals such as copper, silver, or zinc.
- 24 carat gold is not usually used for making jewelry due to its softness, so most jewelers sell 18, 20, or 22 carat gold.
These updates provide valuable insights for those considering buying gold or silver, especially with Holi approaching. Keeping track of the current rates ensures informed decision-making regarding investments or purchases in precious metals.