Gold Silver Price Today: Even before the wedding season, the price of gold and silver has gained momentum. Today on Tuesday, while the price of gold is showing a rise, there is a tremendous jump in the price of silver as well. Gold has become costlier by Rs 409 today on the Multi Commodity Exchange (MCX). On MCX, gold is trading at Rs 52588.00 when the market opens this morning, while silver is trading at 68305.00 with an increase of Rs 1011.0. Since last week, there is an increase in the price of gold and silver.
What’s up with the bullion market?
Even in the bullion market today, the price of gold and silver is showing an increase. Today, the price of 22 carat gold is trading higher at Rs 48868, while the price of 24 carat gold is trading at Rs 53310. Here the average price of 20 carat gold is Rs 44425 and 18 carat gold is trading at Rs 39983. At the same time, the rate of 16 carat gold has reached Rs 35540.
In the midst of rising inflation, the craze of people towards gold is increasing in the country. The country’s gold imports have increased by 73 percent to $ 45.1 billion in the first 11 months (April-February) of 2021-22. Gold imports have increased due to increasing demand. In the corresponding period of last financial year, the figure of gold import was $ 26.11 billion.
The price of gold jewelery varies across the country, as it also has its share of excise duty, state tax and making charge. You can take the help of Indian Bullion and Jewelers Association (IBJA) to check the price of gold in your city. For this, you just have to give a missed call on the number 8955664433. The message of the latest rate of gold will come on your mobile number.