Gold price declines today, 18th August, 2021 Compared to Tuesday, the 24-carat gold spot was priced at Rs 135 and was priced at Rs 47484 per 10 grams. At the same time, silver weakened by Rs 279 per kg and opened at Rs 63657.
According to the India Bullion and Jewelers Association (ibjarates.com) website, on August 17, 2021, gold and silver spot prices in the gold market across the country …
|Metal||Rate of August 18th||August 17th rate||
|Gold 999 (24 carat) (Rs. 10 g)||47448||47583||-135|
|Gold 995 (23 carat) (Rs. 10 g)||47258||47392||-134|
|Gold 916 (22 carats) (Rs / 10g)||43462||43586||-124|
|Gold 750 (18 carat) (Rs. 10 g)||35586||35687||-101|
|Gold 585 (14 carat) (Rs. 10 g)||27757||27836||-79|
|Silver 999 (Rs / kg)||63657||63936||-279|
If we talk about 23 carat gold, its price has now dropped to Rs 47258. At the same time, 22 carat gold is priced at Rs. 43462 and 18 carats at Rs. 35586 per 10 grams. 14 Carat Price 27657 Rs. The rates offered by the India Bullion and Jewelers Association can vary from 500 to 1000 rupees and will tell you the price of your city.
Gold is still 8806 rupees cheaper
Gold is trading at Rs. At the same time, silver is also Rs 12072 cheaper than last year. However, experts believe that gold will cross Rs 55,000 per 10 grams over the next one year.
This is the right time to invest in gold
Experts believe this is the right time to invest in gold. According to Ajay Kedia, director of Kedia Commodities, if you plan to invest in gold for a month or two, you should stay away from it, but if you have been investing in gold for one and a half to two years, then this is the right time.
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Asked whether gold will increase or decrease amid rising fluctuations over the next few months, Kedia says gold could break 50000 in the next six months and 54000 in one year. In the next two years, there will be a gold rise, because if you look at the record of the last 20 years, then when the gold rises, it will be two to four years. Be it the 2000 to 2004 boom or 2008 to 2011. This time the rise in gold came in 2020 and could last until 2022-23.
IBJA rates are universal across the country
Let us tell you that the rates offered by IBJA are universal across the country. However, the rates offered on this website do not include GST. You can refer to IBJA rates when buying and selling gold. According to the India Bullion and Jewelers Association, Ibiza currently takes silver and silver from 14 centers across the country and delivers its average value. The current price of gold and silver, or the price of a place, may vary from place to place, but there is little difference in their price.