Gold Price Today 19th May 2022: Where gold has become expensive in bullion markets today, silver is more affordable than before. Today i.e. Thursday, the price of one kg of silver now reduced by Rs 593 and opened at Rs 60556. Whereas, today 24 carat pure gold became expensive by Rs 112 per 10 grams and opened at the rate of Rs 50395.
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Now gold has become cheaper by only Rs 5731 per 10 grams from its all time high Rs 56200. Whereas, silver is cheaper by Rs 15,444 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 percent GST at Rs 51906 per 10 grams. At the same time, after adding GST, the price of silver has gone up to Rs 62372 per kg. In this, 10 to 15 percent of the jeweler’s profit is separately.
18 carat gold is now priced at Rs 37796
The price of 18 carat gold, which is the most commonly used in gold jewelry, is now Rs 37796 per 10 grams. It will cost Rs 38929 per 10 grams with 3 percent GST. At the same time, now the price of 14 carat gold has gone up to Rs 29481 per 10 grams. With GST, it will be Rs 30365 per 10 grams.
Making charges and jewelers profit separately
If we talk about 23 carat gold, then today it opened at the rate of Rs 50193 per 10 grams. On this also 3 percent GST will be levied separately i.e. you will get Rs 51698 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 46162 per 10 grams. With 3% GST, it will cost Rs 47546. 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.