As we approach the end of April and head into May, the trend of fluctuations in the prices of gold and silver continues. On April 27, 2024, the price of 22-carat gold stands at Rs 67,000, 24-carat gold at Rs 73,080 per 10 grams, and the price of 1 kilogram of silver is Rs 84,000. Let’s take a closer look at the current rates and trends in various cities.
Gold and Silver Price Update
Today, April 27, significant changes have been observed in the prices of both gold and silver. While the price of gold has witnessed an increase of Rs 220 per 10 grams, the price of silver has seen a decline of Rs 500 per kilogram. Following these changes, the price of gold has crossed the mark of Rs 73,000, while silver rates now stand at Rs 84,000.
Today’s Rates in Different Cities
- 18-Carat Gold: In Delhi, the price of 10 grams of 18-carat gold is Rs 54,820, while in Kolkata and Mumbai, it is Rs 54,690 and Rs 55,560, respectively.
- 22-Carat Gold: Cities like Bhopal and Indore are witnessing a price of Rs 66,900 per 10 grams, while in Jaipur, Lucknow, Delhi, and Chandigarh, the rate is Rs 67,000. Hyderabad, Kerala, Kolkata, Mumbai, and Bangalore have a rate of Rs 66,850.
- 24-Carat Gold: The price of 10 grams of 24-carat gold in cities like Bhopal and Indore is Rs 72,900, while in Jaipur, Lucknow, Delhi, and Chandigarh, it stands at Rs 73,080. Hyderabad, Kerala, Bangalore, Mumbai, and Chennai have rates ranging from Rs 72,760 to Rs 72,930.
Silver Price Update
As for silver, in cities like Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi, the price of 1 kilogram is Rs 84,000, while in Chennai, Madurai, Hyderabad, and Kerala, it is Rs 87,500. Bhopal and Indore also have a consistent rate of Rs 84,000 per kilogram.
Things to Know Before Buying Gold
- Look for the BIS hallmark to ensure purity.
- Gold is commonly available in 20 and 22-carat variants, with some opting for 18-carat for jewelry.
- The purity of gold is denoted by numbers such as 999 for 24-carat, 958 for 23-carat, 916 for 22-carat, 875 for 21-carat, and 750 for 18-carat.
- 24-carat gold is the purest form, while 22-carat gold contains other metals like copper, silver, or zinc.
- 24-carat gold is usually sold as coins, while most jewelry shops deal in 18, 20, and 22-carat gold.
With the fluctuating prices of gold and silver, it’s essential to stay updated on the latest rates before making any purchase. Whether you’re buying gold for investment or jewelry purposes, knowing the current rates and purity standards ensures a wise and informed decision. As the market dynamics continue to evolve, staying informed empowers you to navigate the precious metals market effectively.