After a continuous rise in the price of gold, a strong decline has been seen today. Along with this, Heavy fall in the rate of gold today. If you are planning to buy gold then this is a good opportunity.
Gold Price Today: Today, there is a fall in the price of 10 grams of gold in the bullion market. However, the rate still remains above Rs 61,000. On Monday, the first trading day of the week, the price of gold fell by Rs 388 and was trading at Rs 61,108. The price of silver is trading at Rs 76,231 with a fall of Rs 1,049.
Fall in the price of gold
On last Friday, the price of gold had closed at Rs 61,108. Today gold price is trading at Rs 61,108 after falling by Rs 388. There was softness in 22 carat gold, in which most of the jewelery is made. 22 carat gold is trading at Rs 55,974, down by Rs 356.
Gold and silver rate on IBJA
The rates of gold and silver given on the website of IBJA are given in the table below. The rate of gold ranging from 24 carat 10 grams to 14 carat gold is given in the table. Along with this, the rate of one kilogram of silver has been given. Today’s rate of gold and silver has been compared with Friday’s closing price last week. Here is the price of 10 grams of gold and 1 kg of silver in the bullion market.
Here is the price of gold and silver in the jewelery market
| Metal | Rate of 8th May (Rs./10 grams) | Rate of May 5 (Rs./10 grams) | Change in rate (Rs/10g) |
| Gold 999 (24 Carat) | 61108 | 61496 | -388 |
| Gold 995 (23 Carat) | 60864 | 61250 | -386 |
| Gold 916 (22 Carat) | 55974 | 56330 | Â -356 |
| Gold 750 (18 Carat) | 45831 | 46122 | -291 |
| Gold 585 ( 14 Carat) | 35748 | 35975 | -227 |
| Silver 999 | 76231Rs/Kg | Rs.77280/Kg | Rs.1,049/Kg |
There will be a rise in the price of gold
If experts are to be believed, then the price of gold can cross the price of Rs 64,000 this year. If Ajay Kedia, director of Kedia Advisory, is to be believed, the price of gold may remain high this year and the price may reach up to Rs 64,000. Now it remains to be seen how long it will reach this level in the year 2023.
