Gold and Silver Rates on March 1: Significant Changes, Check Today’s Prices Before Buying

As March begins, there has been a notable change in the prices of gold and silver. On the first day of March, there is a substantial increase in the prices of both gold and silver. On Friday, the prices of gold saw an increase of ₹300, bringing the new rate to ₹63,000, while silver prices rose by ₹300 to reach around ₹74,000.

Current Rates (per 10 grams)

  • 22-carat gold: ₹58,050
  • 24-carat gold: ₹63,310
  • Silver (1 kg): ₹74,500

City-wise Gold Rates (per 10 grams)

  • Bhopal and Indore: ₹58,000
  • Jaipur, Lucknow, Delhi: ₹58,050
  • Hyderabad, Kerala, Kolkata, Mumbai: ₹57,900

City-wise Gold Rates (per 10 grams)

  • Bhopal and Indore: ₹63,000
  • Delhi, Jaipur, Lucknow, Chandigarh: ₹63,310
  • Hyderabad, Kerala, Bangalore, Mumbai: ₹63,160
  • Chennai: ₹63,710

Silver Rates (per 1 kg)

  • Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi: ₹74,500
  • Chennai, Madurai, Hyderabad, Kerala: ₹76,200
  • Bhopal and Indore: ₹74,500

Purity of Gold

  • 24-carat gold: 99.9% pure
  • 22-carat gold: Approximately 91% pure (contains 9% other metals like copper, silver, zinc)

Hallmarks for Purity

  • 24-carat gold jewelry is marked as 999
  • 22-carat gold jewelry is marked as 916

It’s important to note that gold rates can vary based on factors like city, purity, and additional charges. Additionally, for jewelry, 18, 20, and 22-carat gold are commonly used, as 24-carat gold is too soft for making jewelry. Always check for purity hallmarks when purchasing gold.