gold is expensive
Compared to Monday, the price of gold has seen a big increase of Rs 447 in a single stroke on Tuesday. At the same time, the price of silver has jumped by Rs 1197 to Rs 61239 per kg. Today, the price of 24 carat purity gold has reached Rs 50752 in the bullion markets. If you compare this price with the all-time high price of gold, then it has become cheaper by Rs 5374.
how cheap is gold
The price of gold had reached Rs 56264 per 10 grams in August 2020, while the price of silver had reached Rs 76006 per kg. Compared to this price, gold is now down by only Rs 5374 from its all-time high. The price of gold is increasing continuously. On the other hand, silver has remained cheaper by only Rs 14761 per kg from its highest price.
24 karat to 18 karat gold rate
On Tuesday, the price of 24-carat gold with GST had reached Rs 52274 per 10 grams as per the spot rate released by the India Bullion Association. At the same time, the price of 23 carat gold reached Rs 50549 per 10 grams. If we look with GST, then its price has reached Rs 52065 per 10 grams. Whereas the price of 22 carat gold has reached Rs 47883 with 3% GST. Let us tell you that most of the gold ornaments in India are made from 22 carat gold only. At the same time, the price of 18 carat gold has reached Rs 39205 per 10 grams including GST today.