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.
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:
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995 purity (almost pure): ₹98,240 per 10g
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916 purity (22-carat): ₹90,050 per 10g
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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.
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.
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