Thinking of buying gold or silver before Akshaya Tritiya? It might be a golden opportunity. Today, on May 4th, 2024, there has been a slight decline in the prices of gold and silver. After the new rates, the price of gold has reached around 71,000, and the rate of silver is close to 83,000. Let’s find out the current rates in your city…
Today’s Gold and Silver Prices
On Saturday, according to the latest prices released by the bullion market, on May 4th, 2024, the price of 22-carat gold is trending at around ₹65,890 for 10 grams, while 24-carat gold is at ₹71,870, and 18 grams is at ₹53,910. Meanwhile, the price of 1 kilogram of silver is ₹83,400.
18-Carat Gold Rate Today
In the Delhi bullion market today, the price of 10 grams of gold is ₹53,910, while in Kolkata and Mumbai, it is ₹53,790 and ₹54,110 respectively.
22-Carat Gold Rate Today
In Bhopal and Indore, the price of 10 grams of gold is ₹65,690, while in Jaipur, Lucknow, Delhi, and Chandigarh, it is ₹65,890. In Hyderabad, Kerala, Kolkata, Mumbai, the rate is around ₹65,740.
24-Carat Gold Rate Today
In Bhopal and Indore, the price of 10 grams of gold is ₹71,700, while in Delhi, Jaipur, Lucknow, and Chandigarh, it is ₹71,870. In Hyderabad, Kerala, Bangalore, Mumbai, the rate is approximately ₹71,720, and in Chennai, it is ₹72,150.
Today’s Silver Rate
In the bullion markets of Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, and Delhi, the price of 1 kilogram of silver is ₹83,400. Meanwhile, in Chennai, Madurai, Hyderabad, and Kerala, it remains the same at ₹83,400. However, in Bhopal and Indore, the price is slightly higher at ₹86,900 for 1 kilogram.
Things to Know Before Buying Gold
- Hallmark Certification: Look for the hallmark certification issued by the Indian Standard Organization (ISO) to ensure the purity of gold.
- Caratage: Gold typically sells in 20 and 22 carats, although some people also use 18-carat gold for jewelry.
- Purity Marks: Pure gold jewelry is marked as 24 carats (99.9% purity), while 22-carat gold is about 91% pure.
- Mixing: 22-carat gold jewelry often contains 9% of other metals like copper, silver, or zinc to make it durable.
- Making Charges: Making charges may vary depending on the caratage and design of the jewelry.