Gold Silver Price Today 16th August 2022: On Tuesday, gold fell by Rs 764 to Rs 52,347 per 10 grams in the Delhi bullion market. According to PTI, the price of gold was Rs 53,111 per 10 grams in the last trading session. During this, the price of silver also fell by Rs 1,592 to Rs 58,277 per kg. In the last trading session, silver had closed at Rs 59,869 per kg.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “The fall in gold prices on MCX, reflecting last night’s decline at New York-based commodity exchange COMEX, declined to $1,775 an ounce in the international market. While silver remained unchanged at $20.13 an ounce.
On the other hand, according to the spot rate released by the India Bullions Association, 24 carat pure gold in the bullion markets fell by Rs 281 to Rs 52180 per 10 grams on Tuesday, August 16, against the closing price of 52461 on Friday, August 12 and opened by Rs 400 to Rs 52061 by evening. But closed. At the same time, silver became cheaper by Rs 447 and opened at Rs 57905 per kg and fell by Rs 631 to close at the level of 57721. It does not include GST and jeweller’s profit.
Now pure gold is cheaper by Rs 4193 from its all-time high rate of Rs 56254 per 10 grams. Whereas, silver is cheaper by Rs 18287 from its high rate of Rs 76008 per kg two years ago.
Adding 3 percent GST on 24 carat gold, then its rate is becoming Rs 53622, while after adding 10 percent profit of the jeweler, the price of gold is reaching Rs 58985 per 10 grams. After adding GST, the price of silver has gone up to Rs 59452 per kg. In this, 10 to 15 percent of the jeweler’s profit is separately. That is, by taking 10 percent profit, the jeweler will give you about Rs 65397.
22 and 23 carat gold price
Today 23 carat gold also opened at the rate of Rs 51971 per 10 grams and closed at an average rate of 51853. On this too by adding 3 percent GST and 10 percent profit, you will get Rs 58749 per 10 grams. At the same time, the price of 22 carat gold opened at Rs 47797 per 10 grams and closed at 47688. With 3% GST, it will cost Rs 49118. The jewelers’ profit on the jewelery made from it will also be about Rs 54030 if they add separately.
18 carat gold price now Rs 39046
The price of 18 carat gold is now Rs 39046 per 10 grams. It will cost Rs 40217 per 10 grams with 3 percent GST. Adding 10% profit of jeweler, it will come to Rs 44239. Now the price of 14 carat gold has gone up to Rs 30465 per 10 grams. With GST, it will be Rs 31369 per 10 grams. Adding 10% profit on this, it will come to Rs 34506.
IBJA rates are universal across the country
Let us tell you that the rates issued by IBJA are universal across the country. However, GST has not been included in the rate given on this website. You can refer to the IBJA rate while buying and selling gold. According to the India Bullion and Jewelers Association, ibja takes the current rate of gold and silver from 14 centers across the country and gives its 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.