The prices of gold and silver in the Indian bullion market have experienced some changes in the past week. According to IBJA (Indian Bullion and Jewellers Association) data, the price of
24-carat gold started the business week (from September 18th to September 22nd, 2023) at Rs 59,324 per 10 grams and later decreased to Rs 59,134 per 10 grams by Friday. On the other hand, the price of 999 purity silver saw an increase of Rs 963 per kilogram during the same business week, rising from Rs 72,212 to Rs 73,175 per kilogram.
It’s worth noting that IBJA provides standard rates for different purities of gold. These rates are exclusive of taxes and making charges. The prices provided by IBJA are widely accepted throughout the country, but they do not include GST (Goods and Services Tax).
Here’s a summary of how the gold and silver rates changed over the past week:
Gold Rates (per 10 grams):
September 18, 2023: Rs 59,324
September 19, 2023: Market Holiday
September 20, 2023: Rs 59,317
September 21, 2023: Rs 59,072
September 22, 2023: Rs 59,134
Silver Rates (per kilogram):
September 18, 2023: Rs 72,212
September 19, 2023: Market Holiday
September 20, 2023: Rs 72,204
September 21, 2023: Rs 71,971
September 22, 2023: Rs 73,175
Furthermore, the Indian government has expanded the mandatory hallmarking of gold jewelry and artworks to include 55 new districts across the country. This initiative covers 16 states and one union territory. The first phase of hallmarking was introduced on June 23, 2021.
How to Check Gold Rates from Home
- You can check gold rates from the comfort of your home by giving a missed call to 8955664433 Jeweler’s Association Phone Number].
- After this, you’ll receive a message with the latest gold rates.