Gold Price Today 22nd April: In this season of weddings, the prices of both gold and silver are touching the sky. However, today silver is cheaper as compared to Thursday and the price of gold has increased. 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 54405 per 10 grams. At the same time, silver will get Rs 69199 per kg after adding GST.
In bullion markets, 24 carat pure gold became expensive by Rs 281 per 10 grams and opened at Rs 52821. On the other hand, silver became cheaper by Rs 146 and opened at the rate of Rs 67184 per kg. Despite this, gold has remained cheaper by only Rs 3305 per 10 grams from its all-time high of Rs 56254. Whereas, silver is cheaper by Rs 8816 per kg from its highest rate two years ago.
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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.
18 carat gold rate with gst
The best selling 18 carat gold is now priced at Rs 39616. With 3% GST it will cost Rs 40804 per 10 grams, but even your most trusted jewelers will not give it at this rate. For jewelery made of 10 grams of 18 carat gold, he will charge you at least 10 percent profit and making charges separately. That is, your jeweler will take about Rs 46000 from you for jewelry made of 10 grams of gold. If you have to give more than this today, then understand that you are being cheated. At the same time, now the price of 14 carat gold has gone up to Rs 30900 per 10 grams. With GST, it will be Rs 31827 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 52610 per 10 grams. On this also 3 percent GST will be levied separately i.e. you will get Rs 54188 per 10 grams, while the jewelery making charge and jeweler’s profit are separate on this. At the same time, the price of 22 carat gold opened at Rs 48384 per 10 grams. With 3% GST, it will cost Rs 49835. 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, 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.