Contrary to recent trends, in India, on Monday, 13 January, 2024, gold decreased slightly. Today’s update informs about the value of gold within the Indian Market on that given day.
Crucial Points
24 carats are the gold, pure, whose average market rate dropped about Rs 332 per 10 grams and valued at Rs 78,350. Silver prices also went down, losing Rs 118 per kg to Rs 90,150. This is a decline even as gold had attained an all-time high earlier.
Gold Rate As per Carat Purity
The following gold rates were announced by the India Bullion and Jewelers Association (IBJA) on January 13, 2024. (Please note that these prices do not include GST and may be slightly different at your location). 24-carat gold: Rs 78,350 per 10 grams (down by Rs 332) 22-carat gold (916 purity): Rs 71,769 per 10 grams (down by about Rs 304) 18-carat gold (750 purity): Rs 58,763 per 10 grams (down by about Rs 249)14-carat gold (585 purity): Rs 45,835 per 10 grams.
Gold Rate Differences in Leading Cities
While the IBJA sets the national benchmark, the prices vary minutely between different cities in India. 1 Here is a glimpse of what they look like on January 13, 2024 Why Are Gold Rates Different in Different Cities in India?
Delhi: Rs 79,813 per tola (24-carat) Jaipur: Rs 79,806 per tola (24-carat) Lucknow: Rs 79,829 per 10 grams (24-carat) Remember: These are just a few examples, and the exact price may differ depending on the jeweler and the specific location. (Please note that these prices do not include GST and may be slightly different at your location). 24-carat gold: Rs 78,350 per 10 grams (down by Rs 332) 22-carat gold (916 purity): Rs 71,769 per 10 grams (down by about Rs 304) 18-carat gold (750 purity): Rs 58,763 per 10 grams (down by about Rs 249)14-carat gold (585 purity): Rs 45,835 per 10 grams.It’s always wise to compare prices from a few shops before making a purchase.
Conclusion
While gold prices dipped slightly on January 13, 2024, they remain significantly high compared to previous years. This update provides valuable insights for anyone considering buying gold in India. By understanding the current market trends and price variations across purities and locations, you can make informed decisions for your gold purchases.
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