For those considering buying gold or silver before May, there’s good news. Today, on April 29, 2024, there has been a significant drop in the price of gold, while silver continues to trend at its previous rate. Let’s take a look at the latest gold rates across different cities before making any purchasing decisions.
Changes in Gold and Silver Prices Today
As of today, April 29, there has been a notable change in the prices of both gold and silver. While gold has seen a reduction of up to 330 rupees per 10 grams, silver remains stable at its previous rate. Following the new prices, the value of gold has reached around 73,000 rupees per 10 grams, while silver is trading at approximately 84,000 rupees per kilogram. Let’s explore the current rates of 18, 22, and 24-carat gold in various cities.
Today’s Gold Rates
18 Carat Gold: In Delhi’s Sarafa Bazaar, the price of 10 grams of 18-carat gold is 54,570 rupees, while in Kolkata and Mumbai, it is 54,450 rupees and in Chennai, it stands at 55,210 rupees.
22 Carat Gold: Cities like Bhopal and Indore have the price of 10 grams of 22-carat gold at 66,800 rupees, whereas in Jaipur, Lucknow, Delhi, and Chandigarh, it is trading at 66,700 rupees. Meanwhile, Hyderabad, Kerala, Kolkata, Mumbai, and other cities have the rate at around 66,550 rupees.
24 Carat Gold: In Bhopal and Indore, the price of 10 grams of 24-carat gold is 72,890 rupees, while in Delhi, Jaipur, Lucknow, and Chandigarh, it is around 72,750 rupees. Hyderabad, Kerala, Bangalore, Mumbai, and Chennai have rates ranging from 72,600 to 73,530 rupees.
Today’s Silver Rates
In cities like Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, and Delhi, the price of 1 kilogram of silver is 84,000 rupees. On the other hand, Chennai, Madurai, Hyderabad, Kerala, Bhopal, and Indore have rates around 87,500 rupees. Notably, in Bhopal and Indore, the price remains at 84,000 rupees per kilogram.
Things to Consider Before Buying Gold
- Gold purity is identified by hallmarks issued by the Indian Standard Organization (ISO).
- Gold is typically sold in 20 and 22-carat variants, although some opt for 18-carat gold for jewelry.
- The purity of gold is indicated by markings such as 999 for 24-carat, 958 for 23-carat, 916 for 22-carat, 875 for 21-carat, and 750 for 18-carat gold.
- 24-carat gold is 99.9% pure, while 22-carat gold contains about 91% purity.
- Jewelry made from 22-carat gold often includes 9% of other metals like copper, silver, or zinc.
- While 24-carat gold has no impurities, it is not suitable for making jewelry, so most jewelers sell 18, 20, and 22-carat gold.
Before making any gold or silver purchases, it’s essential to stay informed about the latest rates. Today’s significant changes in gold prices present a favorable opportunity for potential buyers to make informed decisions. Whether you’re considering investing in gold or silver, knowing the current rates and understanding purity standards is crucial for a satisfactory purchase experience.