Gold and Silver Prices Fluctuate on December 31, 2024
Gold prices, which were ₹76,436 per 10 grams on December 30, 2024, dipped to ₹76,194 per 10 grams on December 31, 2024. Similarly, silver prices fell from ₹87,831 per kg to ₹87,175 per kg on the same day. Despite this fluctuation, significant price changes are not anticipated for the next couple of days.
Gold and Silver Purity and Prices
According to the India Bullion and Jewellers Association (IBJA), gold and silver prices are constantly changing. Current rates for various purities are as follows:
Gold 999: ₹76,194 per 10 grams
Gold 995: ₹75,889 per 10 grams
Gold 916: ₹69,794 per 10 grams
Gold 750: ₹57,146 per 10 grams
Gold 585: ₹44,574 per 10 grams
Silver 999: ₹87,175 per kg
Gold and Silver Prices by City
Gold and silver prices can vary from city to city. The following table shows prices for different karat gold in select Indian cities:
City 22 Carat Gold (₹) 24 Carat Gold (₹) 18 Carat Gold (₹)
Chennai ₹70,900 ₹77,350 ₹58,600
Mumbai ₹70,900 ₹77,350 ₹58,610
Delhi ₹71,050 ₹77,500 ₹58,130
Kolkata ₹70,900 ₹77,350 ₹58,010
Ahmedabad ₹70,950 ₹77,400 ₹58,050
Jaipur ₹71,050 ₹77,500 ₹58,130
Gold Hallmarks and Purity
Gold hallmarks indicate the purity, which varies based on the karat. For example, 24-karat gold has a hallmark of 999, while 22-karat gold has a hallmark of 916. 22-karat gold is 91.6% pure, but adulteration is still a possibility.
Identifying Hallmarks
375 Hallmark: 37.5% pure gold
585 Hallmark: 58.5% pure gold
750 Hallmark: 75% pure gold
916 Hallmark: 91.6% pure gold
990 Hallmark: 99% pure gold
999 Hallmark: 99.9% pure gold
Important Considerations When Purchasing Gold
Always check the hallmark and purity of gold jewelry before purchasing. This will help avoid adulteration and ensure you are getting the correct value.
