See, gold prices, they’re like the weather, always changing. Today, 24-carat gold, the really pure stuff, is sitting around Rs 85,723 for 10 grams. Now, that’s a lot, right? But remember, this price is before the shopkeeper adds his making charges and the government’s tax. So, when you actually go to buy jewellery, it’ll cost you more. And silver? That’s at Rs 95,875 per kilo. Both are still quite high.
Different Gold, Different Price, Simple Logic
You know, gold comes in different “karats,” meaning how pure it is. 1 24-karat is the purest, but it’s soft, so they mix it with other metals for jewellery. That’s why you’ll see 22-karat, 18-karat, and 14-karat. 22-karat is around Rs 78,522 for 10 grams. 18-karat is about Rs 64,292, and 14-karat is around Rs 50,148. The less pure, the less expensive. Makes sense, no? This is all according to the Indian Bullion Jewelers Association, which is pretty much the go-to place for these rates.
Why Gold Prices Dance Around
So, why does the price go up and down? It’s not just random. A lot of things play a part. The international gold market, what the government charges in taxes, and even how strong our rupee is compared to other currencies. When people invest in gold, or when there’s a lot of weddings and festivals, demand goes up, and so does the price. It’s like any other market, really.
Want Gold Prices Quick
Don’t want to go searching online? No problem. You can get the latest gold and silver prices just by giving a missed call to 8955664433. They’ll send you the information straight to your phone. Quick and easy, right? Remember, though, these prices are just for the raw gold and silver. The jewellery shop will add their making charges and taxes on top.
Buying Gold A Few Things to Keep in Mind
When you’re buying gold, especially jewellery, don’t just look at the price per gram. Check the making charges too. Some shops charge a lot, some charge less. And always get a proper bill, so you know what you’re paying for. Gold is a good investment, but you have to be smart about it. Keep an eye on the market, and buy when you think the price is right.
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