Gold becomes expensive by Rs 1000 while silver becomes cheaper

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New Delhi, 1st July 2022: There has been a big change in the rate of gold and silver today. On Friday, July 1, 24-carat pure gold became costlier by Rs 968 in bullion markets and it has reached the rate of Rs 51, 849 per ten grams. At the same time, silver has become cheaper today.

The rate of silver has declined by Rs 403. The price of one kg of silver has become Rs 58,400.

Today, the rate of 23 carat gold started from Rs 51, 641 per ten grams. The price of 23 carat gold has increased by Rs 982 per ten grams. At the same time, the price of 22 carat gold became expensive by Rs 903 and opened at Rs 47,494 per ten grams. The price of the bestselling 18 carat gold has increased by Rs 740 to Rs 38,887 per ten grams. Now the price of 14 carat gold has risen up to Rs 30,332 per ten grams.

The rates issued by India Bullion and Jewellers Association Ltd. (IBJA) are universal across the country. However, Goods and Service Tax (GST) has not been included in the rate given on this website. One can refer to the IBJA rate while buying and selling gold.

According to IBJA, IBJA takes the current rate of gold and silver from 14 centres across the country and comes up with an average value. The current rate of gold and silver or rather the spot price may differ from place to place, but there is a slight difference in their prices.