Gold and Silver Prices Plummet! Stay Informed with Today’s Latest Rates Before You Buy!

“Today’s Gold and Silver Prices Drop: A Golden Opportunity Before Dhanteras!”

On this Wednesday, gold and silver have seen a significant decline in their prices. Gold has dipped by Rs 150 per ten grams, while silver has fallen by Rs 1000 per kilogram. Currently, gold is trading below Rs 57,000, and silver is priced below Rs 74,000.

As of November 8, 2023, the rates for gold and silver are as follows:

  • 22 carat gold: Rs 56,250 for 10 grams
  • 24 carat gold: Rs 61,350 for 10 grams
  • 1 kg of silver: Rs 73,500

Check Gold Prices in Major Cities:

For 22 carat gold:

  • Bhopal and Indore: Rs 56,150 for 10 grams
  • Jaipur, Lucknow, Delhi: Rs 56,250 for 10 grams
  • Hyderabad, Kerala, Kolkata, Mumbai: Rs 56,100 for 10 grams

For 24 carat gold:

  • Bhopal and Indore: Rs 61,250 for 10 grams
  • Delhi, Jaipur, Lucknow, Chandigarh: Rs 61,350 for 10 grams
  • Hyderabad, Kerala, Bangalore, Mumbai: Rs 61,200 for 10 grams
  • Chennai: Rs 61,750 for 10 grams

1 kg of silver in different cities:

  • Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi: Rs 73,500
  • Chennai, Madurai, Hyderabad, Kerala: Rs 76,500
  • Bhopal and Indore: Rs 74,500

Understanding Gold Purity:

  • 24 carat gold: 99.9% pure
  • 22 carat gold: Approximately 91% pure
  • 18 carat gold: Contains 75% pure gold, mixed with other metals

Hallmarks for gold purity are given by ISO, with 999 indicating 24 carat gold, 958 for 23 carat, 916 for 22 carat, 875 for 21 carat, and 750 for 18 carat gold. Generally, gold is sold in 20 and 22 carats, with 18 carats also used for jewelry. Jewelry is made by mixing 9% of other metals like copper, silver, and zinc in 22 carat gold. There is no adulteration in 24 carat gold, making it 99.9% pure, but jewelry is not typically made from 24 carat gold. Hence, most shopkeepers sell 18, 20, and 22 carat gold.

Please note that the gold and silver rates mentioned here are indicative and do not include GST, TCS, and other charges. For exact rates, it is advisable to contact your local jeweler or a jewelry shop.

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