Gold-Silver Price: This is great news for those who buy jewelery during the wedding season. However, experts also say that the rate of both gold and silver will increase in the coming times. Let’s know today’s latest price.
Gold Rate Today: There has been a tremendous decline in gold on the occasion of Holi. If you have to buy gold before the wedding season of March-April, then this can be a good opportunity for you. Where gold has fallen below 55,000 in the futures market (MCX Gold). At the same time, it is running close to 55,000 in Delhi bullion market. Silver has taken a bigger fall. Spot Silver prices have dropped by more than Rs.2,000.
What are the prices of gold and silver in the futures market? (MCX Gold-Silver Rate)
Gold opened with a decline in the futures market even today. March 9, 2023 MCX Gold opened at Rs 54,832, down by Rs 79 or 0.14% in the morning opening on Thursday. Its previous closing was at Rs 54,911. Gold which has seen a high level of Rs 58,800 this year has come down to below Rs 55,000 in a single month.
From its record high level, the metal has become cheaper by Rs 4,000 so far. Silver was also on a sharp decline during this period. The futures prices of silver (MCX Silver) had declined by Rs 204 or 0.33% and the metal opened at the level of 61,613. It had closed at the level of 61,817 on Wednesday.
Gold prices fell by Rs 615 to Rs 55,095 per 10 grams in the national capital’s bullion market on Wednesday amid a fall in the prices of the precious metal in global markets. In the last trading session, gold had closed at Rs 55,710 per 10 grams. Silver also fell by Rs 2,285 to close at Rs 62,025 per kg. In the international market, gold declined to $ 1,814 an ounce, while silver declined to $ 20.05 an ounce.
What is the rate of 14 carat to 24 carat gold? (Gold Price in Karat)
Now let’s see what is going on in different carats of gold and silver rates on IBJA (India Bullion And Jewelers Associaton Ltd.).
Gold Jewelery Retail Selling Rate
– Fine Gold (999)- 5,525
– 22 KT- 5,392
– 20 KT- 4,917
– 18 KT- 4,475
– 14 KT- 3,563
– Silver (999)- 61,883
(These rates of gold are per gram and GST and making charges have not been added to them.)
IBJA closing rates for tomorrow
– 999- Rs 55,245 per 10 gm
– 995- 55,024
– 916- 50,604
– 750- 41,434
– 585- 32,319
– Silver- 61,883
(These rates of gold are per 10 grams and GST and making charges have not been added to them.)
International Gold Price: Gold prices fell in the international market. Gold has come down to $40.
