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Gold Rates Surge, Silver Down


Gold Rates: Yellow metal buyers will have to spend more as Gold price rises, with 24-carat gold witnessing a surge on Thursday. Additionally, the popular choice for jewelers, 22-carat gold, prized for its durability, was priced at Rs 75,960 for 10 grams.

The price of 24-carat gold too surged on Thursday, with 10 grams of it selling at Rs 82,860, according to Good Returns. However, Silver prices declined with now standing at Rs 96,400 per kilogram, according to Good Returns.

Gold Rates: Major Cities

City

Gold Price (22-Carat/10 gm) Gold Price (24-Carat/10 gm) Silver Price (Rs/kg)
Delhi Rs 76,110 Rs 83,010 Rs 96,400
Noida Rs 76,110 Rs 83,010 Rs 96,400
Lucknow Rs 76,110 Rs 83,010 Rs 96,400
Mumbai Rs 75,960 Rs 82,860 Rs 96,400
Bengaluru Rs 75,960 Rs 82,860 Rs 96,400
Chennai Rs 75,960 Rs 82,860 Rs 1,03,900
Pune Rs 75,960 Rs 82,860 Rs 96,400
Ahmedabad Rs 76,010 Rs 82,910 Rs 96,400
Kolkata Rs 75,960 Rs 82,860 Rs 96,400
Hyderabad Rs 75,960 Rs 82,860 Rs 1,03,900

Source: Good Returns

How Gold Prices In India Are Determined?

Contrary to popular belief, gold prices in India aren’t solely driven by physical gold demand and supply. Instead, they’re significantly influenced by trading activities on major global markets, including the London OTC spot market and the COMEX gold futures market.

Furthermore, other factors like global events, political issues, central bank decisions, and currency changes can also fuel the change in the prices of the precious metal.

How To Check The Purity Of Gold

Here are a few tips to check the purity of the gold:

1. Look for a hallmark: The best way is to look for the hallmark. 22-carat gold, also known as 916 gold, will have a hallmark stamp on its back of 916.

2. Check for the BIS Standard Mark: On all the jewelry, you can look for a triangle with the letters “BIS” underneath to ensure the purity of the gold.

3. Perform an acid test: An acid test can be performed under guidance, where you can test the gold with nitric acid to check its purity.

4. Color test: The yellow metal stays yellow always, it remains untarnished.

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Written By

Akshat Mittal

Jan 30, 2025 08:07