On Monday, March 4, 2024, there have been fluctuations in the prices of gold and silver. The latest rates reveal a slight decline in gold prices, while silver has seen a decrease of 100 rupees. Following the adjustment, the new rates stand at around 64,000 rupees for gold and approximately 74,000 rupees for silver.
Gold and Silver Prices on March 4, 2024: Check the Latest Rates Before Buying
If you are considering buying gold or silver ahead of Mahashivratri, it’s essential to check the latest rates on March 4. While gold has experienced a minor dip on Monday, silver prices have seen a reduction of 100 rupees. After the update, the rates for gold and silver are around 64,000 rupees and 74,000 rupees, respectively. Let’s delve into the fresh rates for 22 and 24-carat gold.
Latest Rates on March 4, 2024
As per the updates from the bullion market on Monday, March 4, the rates for gold are as follows:
- 22 Carat Gold: 58,900 rupees for 10 grams
- 24 Carat Gold: 64,240 rupees for 10 grams
- 1 Kg Silver: 73,500 rupees
Major Cities’ Rates for 22-Carat Gold
On Monday, March 4, the rates for 22-carat gold in major cities are as follows:
- Bhopal and Indore: 58,600 rupees for 10 grams
- Jaipur, Lucknow, Delhi: 58,900 rupees for 10 grams
- Hyderabad, Kerala, Kolkata, Mumbai: 58,700 rupees for 10 grams
Rates for 24-Carat Gold in Major Cities
The rates for 24-carat gold in various cities on March 4, 2024, are:
- Bhopal and Indore: 63,000 rupees for 10 grams
- Delhi, Jaipur, Lucknow, Chandigarh: 64,240 rupees for 10 grams
- Hyderabad, Kerala, Bangalore, Mumbai: 64,090 rupees for 10 grams
- Chennai: 64,790 rupees for 10 grams
Current Price for 1 Kg of Silver
As of March 4, 2024, the price for 1 kg of silver is approximately 73,500 rupees in cities like Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, and Delhi. In Chennai, Madurai, Hyderabad, and Kerala, the price is slightly higher at 76,900 rupees.
Insights into Gold Purity
For individuals interested in the purity of gold, here are some key points:
- ISO (Indian Standard Organization) provides hallmarks to identify the purity of gold.
- Gold is typically sold in 20 and 22-carat variants, with some individuals opting for 18-carat gold for jewelry.
- Marks on gold jewelry indicate its caratage, with 24-carat gold being 99.9% pure, 22-carat gold having around 91% purity, and 18-carat gold containing 75% pure gold.
- 24-carat gold has no impurities, and it is not usually used for making jewelry. Most jewelers deal in 18, 20, and 22-carat gold.
As you plan to make purchases ahead of Mahashivratri, being informed about the latest gold and silver rates is crucial for making sound investment decisions.