Severe Gold Price Drop: Check the rate- 24k,22k,18k

Gold Price Today: After crossing Rs 1 lakh, the price of gold is trending above Rs 96,000 today, i.e., Friday. Such a rise in the price of gold has never been witnessed in Indian history. Along with gold, there has been a tremendous jump in the cost of silver. Gold prices are skyrocketing amid the wedding season, and their direct leads to major impact on jewellery retailers.

                                                  Severe Gold Price Drop: Check the rate- 24k,22k,18k

As per India Bullion and Jewellers Association Ltd. (IBJA), 24-carat gold (excluding GST) is priced at ₹98,240 per 10 grams today, slightly down from ₹98,350 on Wednesday. Silver has risen from ₹96,613 to ₹97,616 per kg.

Today’s gold rates for different purities are:

• 995 purity (almost pure): ₹98,240 per 10g

• 916 purity (22-carat): ₹90,050 per 10g

• 750 purity (18-carat): ₹74,600 per 10g

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

                                                                                                                        Severe Gold Price Drop

Gold is often regarded as a safe-haven investment. However, it is expected to touch the sky in future. Buying at the peak could mean slower returns or short-term losses. Due to wedding season amid, gold prices have been fluctuating. If rates go up or inflation cools, gold prices may dip. Also prices are continuously falling in the domestic bullion market, which is a relief for buyers.

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.