Planning a wedding or any function and considering buying gold or silver? First, let’s take a look at the latest rates for May 8th. Today, on Wednesday, there’s a decrease of ₹110 in the price of gold, while silver is trending at its previous rate. After the new prices, the rate for gold has crossed ₹72,000 and silver is at ₹85,000. Let’s delve into the fresh rates for 18, 22, and 24-carat gold in different cities.
Gold and Silver Rates Today
According to the latest rates issued by the bullion market today, on May 8th, 2024, the price of 22-carat gold is trending at ₹66,400 for 10 grams, while 24-carat gold is at ₹72,420 and 18 grams at ₹54,330. Additionally, the price of 1 kilogram of silver is ₹85,000.
18-Carat Gold Price Today
In the Delhi bullion market, the price of 10 grams of 18-carat gold today is ₹54,330, in Kolkata and Mumbai it’s ₹54,200, and in Chennai, it’s ₹54,310.
22-Carat Gold Price Today
In Bhopal and Indore, the price of 10 grams of 22-carat gold today is ₹66,300, while in Jaipur, Lucknow, and Delhi, it’s ₹66,400. In Hyderabad, Kerala, Kolkata, Mumbai, it’s trending at ₹66,250.
24-Carat Gold Price Today
In Bhopal and Indore, the price of 10 grams of 24-carat gold is ₹72,300, while in Delhi, Jaipur, Lucknow, Chandigarh, it’s ₹72,420. In Hyderabad, Kerala, Bangalore, Mumbai, it’s ₹72,270, and in Chennai, it’s ₹72,330.
Today’s Silver Rates
In Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi, the price of 1 kilogram of silver is ₹85,000, while in Chennai, Madurai, Hyderabad, and Kerala, it’s also ₹85,000. In Bhopal and Indore, it’s ₹88,500.
Things to Know Before Buying Gold
- Hallmark Certification: Look for hallmarks provided by the Indian Standard Organization (ISO) to identify the purity of gold.
- Carat Types: Gold is usually sold in 20 and 22-carat, but some people also use 18-carat for jewelry.
- Purity Levels: Gold jewelry marked 24-carat is 99.9% pure, while 22-carat gold contains about 91% purity.
- Mixtures: 22-carat gold often contains 9% other metals like copper, silver, or zinc to make jewelry.
- Availability: 24-carat gold coins are available, but it’s rare to find 24-carat gold jewelry, so most jewelers sell 18, 20, and 22-carat gold.
Keep these factors in mind before making your purchase decision!