Gold Silver Weekly Price: In the Indian bullion market, in this trading week (between March 7 and March 11), there was a lot of volatility in the rate of gold and silver. Gold prices fell by Rs 1,113 per 10 grams in a week, while silver has also become cheaper. Silver has become cheaper by up to Rs 867.
According to the Indian Bullion and Jewelers Association (IBJA), the price of gold on Friday (March 11) came down to Rs 52,462 thousand per 10 grams as against Rs 53,595 on Monday (March 7). At the same time, the price of silver (Chandi ka Bhav) was Rs 70580 per kg on the first trading day of the week i.e. 7 March, which decreased to Rs 69713 per kg on the last trading day on 11 March.
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The condition of the bullion market for the whole week
According to IBJA, on March 7, 24 carat gold was being sold at Rs 53,595 per 10 grams. It came down by Rs 47 to Rs 53,548 on March 8, which fell by Rs 407 per 10 grams to Rs 53,141 on March 9 the very next day. On March 10, the price of gold was Rs 52,880 per ten grams, which is Rs 216 less than the day before. Similarly, a fall of Rs 1,128 has been recorded in the price of 995 i.e. 22 carat gold.
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Rate is not released on Saturday and Sunday
Significantly, Indian Bull and Jewelers Association (IBJA) does not release gold and silver rates on Saturdays and Sundays due to holidays. The rates of 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.