Today, as soon as the market opened on Saturday, there was a slight decline in gold prices, while there was a jump of 300 rupees in silver prices. After the new prices, the price of gold reached around 67,000 rupees and the price of silver reached around 77,000 rupees. Let’s find out the current rates of 22 and 24 carat gold in different cities….
Gold and Silver Prices on March 16th
According to the new prices released by the bullion market today, on March 16th, the price trend for 22 carat gold is at 60,740 rupees, 24 carat gold is at 66,250 rupees, and 18 grams is at 49,690 rupees. Meanwhile, the price of 1 kilogram of silver is at 77,000 rupees.
Rates of 22 Carat Gold in Major Cities
Talking about the price of 22 carat gold on Saturday, in Bhopal and Indore, the price of 10 grams of gold is 60,600 rupees, in Jaipur, Lucknow, Delhi Sarafa Bazaar, it is 60,740 rupees, and in Hyderabad, Kerala, Kolkata, and Mumbai Sarafa Bazaar, it is trending at 60,590 rupees.
Rates of 24 Carat Gold in Major Cities
Talking about the price of 24 carat gold today, in Bhopal and Indore, the price of 10 grams of gold is 66,130 rupees, in Delhi, Jaipur, Lucknow, and Chandigarh Sarafa Bazaar, it is 66,250 rupees, and in Hyderabad, Kerala, Bangalore, and Mumbai Sarafa Bazaar, it is trending at 66,100 rupees, and in Chennai Sarafa Bazaar, it is at 66,710 rupees.
Current Price of 1 Kilogram Silver
Talking about the price of silver in Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi Sarafa Bazaar today, the price of 1 kilogram of silver is 77,300 rupees, while in Chennai, Madurai, Hyderabad, and Kerala Sarafa Bazaar, it is 80,300 rupees. Meanwhile, in Bhopal and Indore, the price of 1 kilogram of silver is 77,300 rupees.
Special Facts About Gold Purity
- Gold purity is identified by hallmarks issued by the Indian Standard Organization (ISO).
- Gold is generally sold in 20 and 22 carats, while some people also use 18 carat gold for jewelry.
- Jewelry made of 24 carat gold is labeled with 999, 23 carat with 958, 22 carat with 916, 21 carat with 875, and 18 carat with 750.
- 24 carat gold is 99.9% pure, and 22 carat gold is approximately 91% pure. 22 carat gold jewelry is made by mixing 9% other metals such as copper, silver, zinc.
- There is no adulteration in 24 carat gold, it comes in the form of coins, but jewelry cannot be made from 24 carat gold, so most jewelers sell 18, 20, and 22 carat gold.