The prices of gold and silver witnessed a significant surge just before the festival of Holi. Today, on Tuesday, gold prices rose by Rs 460 per ten grams, while silver prices saw an increase of Rs 300 per kilogram. Following the new rates, the price of gold reached around Rs 67,000 per ten grams, and silver prices approached Rs 78,000 per kilogram.
Gold Rates on March 19, 2024
According to the latest rates released by the bullion market on Tuesday, March 19, the price of 22-carat gold stood at Rs 60,950 for ten grams, while 24-carat gold was priced at Rs 66,480 for the same quantity. Additionally, 18 grams of gold were trending at Rs 49,870. Meanwhile, the price of one kilogram of silver was recorded at Rs 77,300.
Gold Rates in Major Cities
In various major cities across India, the price of 22-carat gold differed slightly. In cities like Bhopal and Indore, ten grams of 22-carat gold were priced at Rs 60,850, while in Jaipur, Lucknow, Delhi, and other cities, the rates hovered around Rs 60,950. Hyderabad, Kerala, Kolkata, Mumbai, and other major cities witnessed gold prices around Rs 60,800 for ten grams.
Silver Rates in Major Cities
For 24-carat gold, the rates in cities like Bhopal and Indore were Rs 66,400 for ten grams. Meanwhile, in cities such as Delhi, Jaipur, Lucknow, Chandigarh, the rates were around Rs 66,480. In Hyderabad, Kerala, Bangalore, Mumbai, the rates were approximately Rs 65,330, while in Chennai, the price stood at Rs 66,930 for ten grams.
About Gold Purity
The purity of gold is determined by the ISO (Indian Standard Organization) standards, which are indicated by hallmarks. Gold is typically sold in 20 and 22-carat varieties, although some may opt for 18-carat gold for jewelry. The purity of gold is marked on the jewelry, with 24-carat gold being 99.9% pure and 22-carat gold being around 91% pure. It’s important to note that 22-carat gold may contain other metals like copper, silver, or zinc, making up the remaining percentage of the alloy. While 24-carat gold does not have any impurities, it is not commonly used for making jewelry, hence jewelers mostly deal in 18, 20, and 22-carat gold.