Gold and Silver Prices Fluctuate; Verify Hallmark for Purity. 22-karat gold is 91.6% pure, but always check the hallmark to avoid adulteration.
Gold-Silver Price: Gold and silver prices in India continue to fluctuate. On Friday, the price of gold increased to ₹79,299 per 10 grams, while the price of silver fell to ₹90,755 per kilogram. These changes are based on international raw material prices and exchange rates. Gold and silver investors regularly track these prices. If you are planning to invest in gold and silver, make your decision considering the latest rates.
Prices of Gold by Carat
According to the India Bullion and Jewellers Association (IBJA) website, the prices of gold of different carats have changed. 24-karat gold, which is 99.9% pure, was priced at ₹79,184 in the morning, rising to ₹79,299 by afternoon. Meanwhile, 22-karat gold, commonly used in jewelry, was ₹72,533 in the morning and ₹72,638 by afternoon. 18-karat gold was priced at ₹59,388 in the morning, later increasing to ₹59,474.
Regarding silver, it was ₹91,784 per kilogram in the morning, but its price decreased to ₹90,755 per kilogram during the day.
Current Gold Prices by City
Gold prices vary across different cities in India. This is determined by local taxes, demand-supply dynamics, and according to jewellers' associations. For example:
- In Chennai, 22-karat gold is priced at ₹73,910 and 24-karat gold at ₹80,630 per 10 grams.
In Delhi, 22-karat gold is priced at ₹74,060 and 24-karat gold at ₹80,780.
In Mumbai and Kolkata, 22-karat gold is priced uniformly at ₹73,910 and 24-karat gold at ₹80,630.
Prices vary slightly in other cities like Ahmedabad, Jaipur, Patna, and Lucknow.
How to Identify Gold Purity?
The easiest way to check the purity of gold is to look for the hallmark. Each karat of gold has a number indicating its purity. For example:
24-karat gold is marked 999, meaning it is 99.9% pure.
22-karat gold is marked 916, indicating 91.6% purity.
18-karat gold is marked 750, meaning it is 75% pure.
Gold purity can also be calculated based on the carat. For example, if you have 22-karat gold, its purity = (22/24) × 100 = 91.6%.
Importance of Gold Hallmark
The hallmark guarantees the purity of any gold jewelry. It ensures that the gold sold to the buyer is fully certified and meets quality standards.
A 999 hallmark means the gold is 99.9% pure.
A 916 hallmark means the gold is 91.6% pure.
A 750 hallmark indicates that the gold is 75% pure.
Therefore, always check the purity and hallmark of gold jewelry before purchasing. Also, remember to obtain a receipt and certificate at the time of purchase.
Caution During Purchase
Adulteration is a common problem when buying gold. Sometimes, gold that is only 89-90% pure is sold under the guise of 22-karat gold. Therefore, always check the hallmark and purity of jewelry before buying. Hallmarked jewelry clearly indicates the purity of the gold, helping to avoid adulteration.
Note: Gold and silver prices change from time to time. For the latest rates, check with your nearest jeweler or visit the IBJA website.
