Gold Price Today 18th April: In the season of weddings, the prices of gold and silver are also touching the sky. Today there is a strong jump in the prices of both the precious metals. On Monday, 24-carat pure gold opened above 53500 in the bullion markets. At the same time, silver has also reached close to 70000. However, gold has remained cheaper by only Rs 2536 per 10 grams from its all-time high of Rs 56254. Whereas, silver is cheaper by only Rs 6090 per kg from its highest rate two years ago.
According to the spot rate released by the India Bullion Association, 24 carat pure gold became costlier by Rs 370 and opened at Rs 53590 per 10 grams in the bullion markets today compared to the closing price of April 13. If 3 percent GST is added on this, then it is sitting around Rs 55197. At the same time, after adding GST on silver, it will get Rs 72007 per kg.
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If we talk about 23 carat gold, then today it opened at the rate of Rs 53590 per 10 grams. On this also 3 percent GST will be charged separately i.e. you will get 54976 rupees per 10 grams. At the same time, the price of 22 carat gold opened at Rs 49088 per 10 grams. With 3% GST, it will cost Rs 50560. The making charges and jewelers’ profit are separate on the jewelery made from it.
The price of 18 carat gold is now Rs 40193
The best selling 18 carat gold is now priced at Rs 40193. With 3% GST, it will cost Rs 41398 per 10 grams. At the same time, now the price of 14 carat gold has gone up to Rs 31350 per 10 grams. With GST, it will be Rs 32290 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.