Gold Price Today 13th May 2022: Gold and silver prices have fallen in the bullion markets today. The price of silver has come down to Rs 60000. The price of one kg of silver has now come down by Rs 589 to Rs 59207 against Thursday’s closing price. Whereas, today 24 carat pure gold became costlier by Rs 731 per 10 grams and opened at Rs 50387.
Now gold has become cheaper by only Rs 5739 per 10 grams from its all time high Rs 56200. Whereas, silver is cheaper by Rs 16793 per kg from its highest rate two years ago. According to the spot rate released by the India Bullion Association, today 24-carat gold is falling in the bullion markets with 3% GST at Rs 51898 per 10 grams. At the same time, after adding GST, the price of silver has gone up to Rs 609283 per kg.
The price of 18 carat gold, the most commonly used in jewelry, is now Rs 37790 per 10 grams. It will cost Rs 38923 per 10 grams with 3 percent GST. At the same time, now the price of 14 carat gold has gone up to Rs 29476 per 10 grams. With GST, it will be Rs 30360 per 10 grams.
This is the rate of 23 carat gold
If we talk about 23 carat gold, then today it opened at the rate of Rs 50185 per 10 grams. On this also 3 percent GST will be levied separately i.e. you will get Rs 51690 per 10 grams, while jewelery making charge and jeweler’s profit are separate on this. At the same time, the price of 22 carat gold opened at Rs 46154 per 10 grams. With 3% GST, it will cost Rs 47538. The making charges and jewelers’ profit are also separate on the jewelery made from it.
IBJA rates are universal across the country
Let us tell you that the rates issued by IBJA are universal across the country. However, GST has not been included in the rate given on this website. You can refer to the IBJA rate while buying and selling gold. According to the India Bullion and Jewelers Association, ibja takes the current rate of gold and silver from 14 centers across the country and gives its average value. The current rate of gold and silver or rather the spot price may differ from place to place, but there is a slight difference in their prices.