Yuva Patrkaar, New Delhi : People are in a rush to buy jewelery during the wedding season. They are considering buying gold and silver at a cheaper rate. But the price of gold is increasing every day. The trading week saw a jump in prices. Gold has crossed Rs 60,000 per 10 grams and silver has crossed Rs 71,000 per kg.

Rates will not be fixed on Monday

It is to be observed that the Indian Bullion Jewelers Association (IBJA) does not publish the rates on Saturdays and Sundays. Unless there is a holiday declared by the Central Government. Hence, the latest rates for gold and silver will be announced on Monday.

Current rate of 14 to 24 carat gold

Talking about the price of gold per carat, the price of 24 carat gold is Rs 60,308. Whereas, the price of 23 carat, 22 carat, 18 carat and 14 carat is Rs 60,067, 55,242, 45,230 and 35,280 respectively. In the global market, the prices of gold and silver are exempt from taxes. As a result of which there is a significant difference in prices.

Affordable at the top end

At present, gold is cheaper by Rs 1489 per 10 grams than its highest recorded price. Noteworthy. That gold had reached its all-time high on 4 May 2023, when its price was Rs 61646 per 10 grams. Meanwhile, silver is still declining from its highest level of Rs.8608 per kg. Its highest recorded price is Rs 79980 per kg.