Gold Price Today A Rollercoaster Ride Explained Simply, See Price

Ever noticed how gold prices are like a seesaw? Up in the morning, down in the evening – it’s a daily drama. Early on Thursday, 24-carat gold was hitting around ₹86,346 per 10 grams. But hold on, by evening, it slid down to ₹85,876. Silver followed a similar path, starting near ₹96,898 and ending at ₹96,460. That’s the thing with gold and silver; they keep us on our toes.

What is the Exact Rate

So, you want the precise numbers? According to ibjarates.com, 995 purity gold is around ₹85,532 per 10 grams. If you’re looking at 22-carat (916 purity), it’s about ₹78,662. For 18-carat (750 purity), the price is ₹64,407, and 14-carat (585 purity) is ₹50,238. Silver, at 999 purity, is hovering around ₹96,464. Remember, these are base rates, and taxes and making charges will add to the final cost when you buy jewelry.

Futures Market and City-Specific Rates

Now, let’s talk about the futures market. Gold futures saw a slight increase, with prices rising by ₹199 to ₹86,032 per 10 grams. This happens when traders expect demand to go up. If you’re in Delhi, 22-carat gold is around ₹80,810, and 24-carat is ₹88,140. In Chennai, Mumbai, and Kolkata, the 22-carat rate is roughly ₹80,660, and 24-carat is ₹87,990. These city-specific rates give you a local picture.

Checking Gold Hallmark

How do you know if your gold is genuine? That’s where hallmarking comes in. Each carat has a specific hallmark number. 24-carat is 999, 22-carat is 916, 18-carat is 750, and so on. This number tells you the purity. Most jewelry is made from 22-carat gold, which is 91.6% pure. It’s a simple way to ensure you’re getting what you pay for.

Other News

Apart from gold, there’s buzz about the new income tax bill and the access to personal data it might give. People are concerned, and it’s a hot topic. Plus, the weather folks at IMD are warning about more rain. So, it’s not just gold prices; there’s a lot happening. Keeping an eye on these things helps us stay informed, right? And also remember to keep your aadhaar card secure.

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