Gold Price Today 24rth March: Before the start of the wedding season, the price of gold and silver has started fluctuating. Gold is still cheaper by Rs 4349 per 10 grams from its all time high. Whereas, silver is cheaper by Rs 8,230 per kg from its highest rate two years ago. Today silver became expensive by Rs 36 and opened at Rs 67770 per kg, while 24 carat gold rose by Rs 140 per 10 grams to open at Rs 51777.
According to the spot rate released by the India Bullion Association, 24 carat pure gold became costlier by Rs 140 and opened at Rs 51777 per 10 grams in bullion markets on Thursday. If 3 percent GST is added on this, then it is sitting around Rs 5330. At the same time, after adding GST on silver, it will get Rs 69803 per kg.
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If we talk about 23 carat gold, then today it opened at the rate of Rs 51570 per 10 grams. On this also 3 percent GST will be levied separately i.e. you will get 53117 rupees per 10 grams.
22 carat gold price Rs 47428
The price of 22 carat gold opened at Rs 47428 per 10 grams. With 3% GST, it will cost Rs 48850. The making charges and jewelers’ profit are separate on the jewelery made from it. The best selling 18 carat gold is now priced at Rs 38833. With 3% GST, it will cost Rs 39997 per 10 grams. At the same time, now the price of 14 carat gold has gone up to Rs 30290 per 10 grams. With GST, it will be Rs 31198 per 10 grams.
IBJA rates are universal across the country
Let us tell you that the rates issued by IBJA are universal across the country. However, the rate given on this website does not include GST. 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.
Let us tell you that 24 carat gold is 99.99 percent pure and no other metal is found in it. Its color is bright yellow. 24 carat gold is much more expensive than 22 or 18 carat gold. It is so soft and flexible that it cannot be used to make jewelry. Apart from this, 24 carat gold is used in making coins and bars and used in electronics and medical devices.
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As far as 22 carat gold is concerned, it is mostly used for making jewellery. Because, the jewelry made of this gold becomes stronger. It is known as 91.67 percent pure gold. It contains other metals like livir, zinc, nickel and other alloys. The presence of mixed metals makes it hard and hence it is used in making jewellery.