March 5, 2024, witnessed substantial fluctuations in the prices of gold and silver, showcasing a dynamic trend in the precious metals market. Priced at ₹65,000 for gold and ₹74,000 for silver, the market has seen significant surges, reflecting the ongoing economic dynamics. Let’s delve into the specifics of today’s rates.
Gold Price Today – March 5, 2024
The gold market saw a notable change in prices, with a surge of ₹760 per 10 grams. After these adjustments, the new rates stand at ₹65,000 for 24-carat gold and ₹59,600 for 22-carat gold. The market has responded to various economic factors, contributing to the present rates.
Silver Price Today – March 5, 2024
Silver, too, experienced a sharp rise, witnessing an increase of ₹1100 per kilogram. The new rates post this adjustment are around ₹74,700 for a kilogram of silver. This fluctuation is indicative of the volatility that precious metals often exhibit in response to global economic trends.
City-wise Gold Rates
Mumbai, Delhi, Jaipur, Lucknow, Chandigarh
22-carat gold: ₹59,600 for 10 grams
24-carat gold: ₹65,000 for 10 grams
Hyderabad, Kerala, Kolkata, Bangalore
Gold: ₹59,450 – ₹59,600 for 10 grams
City-wise Silver Rates
Chennai, Madurai, Hyderabad, Kerala
Silver: ₹78,200 per kilogram
Bhopal, Indore
Silver: ₹74,700 per kilogram
Understanding the Purity of Gold
Gold is typically sold in various carats, with the most common being 24, 22, and 18-carat gold. The carat denotes the purity of the gold, with 24-carat gold being the purest form. Other metals, such as copper and zinc, are often alloyed with gold to create durable jewelry.
City-wise Gold Rates for Different Carats
Bhopal, Indore
22-carat gold: ₹59,400 for 10 grams
24-carat gold: ₹64,900 for 10 grams
Delhi, Jaipur, Lucknow, Chandigarh
22-carat gold: ₹59,600 for 10 grams
24-carat gold: ₹65,000 for 10 grams
Hyderabad, Kerala, Bangalore, Mumbai
Gold rates: ₹59,450 – ₹59,620 for 10 grams
Understanding the Purity of Silver
Silver purity is denoted in millesimal fineness. For example, 999 denotes 99.9% pure silver. It’s crucial to be aware of the purity when purchasing silver.
City-wise Silver Rates for Different Purity Levels
Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi
Silver: ₹74,700 per kilogram
Chennai, Madurai, Hyderabad, Kerala
Silver: ₹78,200 per kilogram
Today’s gold and silver rates reflect the ever-changing landscape of the precious metals market. Investors and enthusiasts alike should keep a close eye on these fluctuations, driven by various economic factors, to make informed decisions in this dynamic market. Prices are subject to change based on market dynamics and should be verified at the time of purchase.