Today gold and silver prices are important for people who want to buy jewellery or invest money. These rates keep changing every day because of global markets, demand and currency value. Knowing today’s prices helps you decide the best time to buy or sell. In India, gold and silver are popular for savings and gifts, so checking prices before buying is useful. This article explains the current rates and six key points you must know about these metals.
Today’s Gold Price in India
Gold price in India is usually shown per 10 grams. Today, 24-carat gold rates are around ₹1,58,000 per 10 grams and 22-carat gold is about ₹1,45,000 per 10 grams. These prices come from international markets and Indian demand. Traders follow these rates every day, so prices can move up or down. When world markets are uncertain, many people buy gold, and the price increases. In calm times, prices may stay stable or fall.
Gold is used not only for jewellery but also for saving money and gifts during weddings and festivals. Because many people want to buy gold, the demand always affects the price. Local jewellers add their making charges and taxes on top of the metal rate, so the price you pay in the shop can be higher than the basic metal price.
Today’s Silver Price
Silver is cheaper than gold but also changes daily. Today silver is trading at about ₹295 per gram in India, which means roughly ₹2,950 per 10 grams. Silver is used for jewellery but also in industries like electronics and photography. Because of this extra demand, silver prices can go up when industries need more silver.
Silver prices follow global trends, so when world markets go high or low, Indian prices also change. Local dealers also add their charges and taxes, making the final price in the shop slightly more.
What Affects Gold and Silver Prices
Gold and silver rates depend on many things: global market demand, currency exchanges, economic news and government rules. If the US dollar becomes stronger, gold may cost more in India. When there is political or global uncertainty, investors buy gold for safety, which can raise the price. Silver also goes up and down with industry demand. Even small changes in global finance can affect prices in India every day.
Spot Price and Retail Price Difference
The basic metal trading price in the market is called the spot price. This is not the same as the retail price in jewellery shops. When buying from a store, you pay GST, making charges and sometimes other fees. These extra charges can add a lot to the final cost. Always ask for a full price break-up when you buy gold or silver jewellery so you know what you are paying for.
Why People Watch These Rates
Many people watch gold and silver prices to decide when to buy or sell. Investors buy gold or silver because these metals usually keep value long-term. Some people buy physical jewellery, gold coins or bars, while others choose digital or paper investments like gold bonds or ETFs. Checking the price every day helps to buy at a better rate and avoid paying extra.
Smart Tips Before Buying
Before buying gold or silver, check the current price from reliable sources. Compare rates between local jewellers. Always check purity marks, GST and making charges. Try to buy when prices dip slightly, not during festival or wedding seasons when demand and prices go high. If you are buying for investment, think about other options like bonds or funds in addition to physical metal. Smart buying helps you save money and get better value.
Conclusion
Today gold and silver prices change every day and affect buyers and investors. Knowing current rates and how they work helps you make better decisions. Always check live prices, compare stores and understand extra charges before buying. This way you can get fair deals and use your money wisely.