Gold Prices Increase in India; Silver Prices Also on the Rise

On Saturday, the Goodreturns website reported a significant increase in gold prices in India. The rates for 22-carat (K) gold have risen by ₹60 per gram, while 24-carat gold has gone up by ₹65 per gram. The current rates stand at ₹5655 per gram, ₹45,240 for eight grams, ₹56,550 for ten grams, and ₹5,65,500 for one hundred grams of 22K gold. As for 24K gold, buyers will now have to pay ₹6169 per gram, ₹49,352 for eight grams, ₹61,690 for ten grams, and ₹6,16,900 for one hundred grams.

It is important to note that these rates do not include GST, TCS, and other levies. They serve as indicative prices, and only local jewelers can provide the exact price for the day. Therefore, it is advisable to consult a trusted jeweler to obtain accurate pricing.

In addition to the increase in gold prices, silver prices have also witnessed an upward trend. As reported by Goodreturns, the price of silver has risen by ₹1.50 per gram from the previous day. This translates to rates of ₹76.50 for one gram, ₹612 for eight grams, ₹765 for ten grams, ₹7650 for one hundred grams, and ₹76,500 for one kilogram of silver.

Both the rise in gold and silver prices indicate a surge in demand for these precious metals. Investors and consumers alike may need to reassess their buying strategies as the market continues to fluctuate. It is advisable to stay updated with the latest rates and seek expert advice when navigating the precious metals market.