Investors and those considering buying gold or silver today may find it opportune, as prices have witnessed notable fluctuations. While gold prices have seen a slight increase, silver prices have recorded a decrease. It’s advisable to check the latest rates before making any purchases.
As of February 20, 2024, the updated rates are as follows
Gold Rates, 22 Carat Gold
INR 57,610 for 10 grams, INR 62,830 for 24 grams, and INR 47,140 for 18 grams.
Silver Rate,1 Kilogram of Silver
INR 75,900.
In major cities, including Bhopal, Indore, Jaipur, Lucknow, Delhi, Hyderabad, Kerala, Kolkata, and Mumbai, gold rates for 22 carats range between INR 57,450 to INR 57,610 for 10 grams. For 24 carats, the rates vary from INR 62,510 to INR 62,830 for 10 grams.
Silver rates for 1 kilogram are currently INR 75,900 in cities like Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi, and Chennai. Bhopal and Indore report similar rates for 1 kilogram of silver.
It’s essential to note that the purity of gold is indicated by hallmarks issued by the Indian Standard Organization (ISO). Commonly, 24 carat gold has a purity of 99.9%, while 22 carat gold is approximately 91% pure. The choice between different carats depends on individual preferences and intended use, with 22 carat gold often alloyed with other metals for jewelry-making.
Before making any purchases, it is recommended to contact local jewelers for accurate and updated rates. The prices mentioned are symbolic and do not include GST, TCS, or other applicable taxes.
As the market continues to evolve, staying informed about the latest gold and silver rates is crucial for making well-informed investment decisions.