Gold surge today-18May: Check 24k, 22k,18k India & city wise

City wise gold surge today-18May: Check 24k, 22k,18k, India

Know the Gold rate as of 17May : https://avvytimes.com/gold-rate-today-in-chennai-india/#more-895

As per India Bullion and Jewellers Association Ltd. (IBJA), 24-carat gold  is priced at ₹95,130 per 10 grams today, slightly up from ₹93,930 on last Friday reflecting a major difference of +1,200. Whereas Silver rate is around ₹1,08,000 per kg jumped from ₹97,000 on May 17 per kg with a major difference of +11,000

Today’s gold rates for different purities including GST are:

• 995 purity (almost pure): ₹95,513 per 10g
• 916 purity (22-carat): ₹87,200 per 10g

• 750 purity (18-carat): ₹71,850 per 10g

Note: Hallmark numbers on gold jewellery indicate purity—like 999 for 24-carat, 916 for 22-carat, and 750 for 18-carat.

City wise gold rate today18 May:

Even though, there is a reduction in silver price, Gold price has been witnessed increasing day-by-day. This is because, investors seek safe-haven assets amid Geo-political tension and as per experts, weakening of US-Dollar can trigger the gold price reaching sky. One such reason is the inflation which has not kept the gold as an exception. Gold reserves on banks has been increased which further induce in high gold price and demand.

Disclaimer: The recommendations made above are by market analysts and are not advised by the author. While every effort has been made to ensure the accuracy, readers are advised to verify current rates with official or local sources before making any financial decisions and to consult certified experts before making any investments.