Gold crossed 49,000 mark today; silver closed today at Rs 544

Gold prices today 8 June 2021: Gold bullion is even higher in the bullion market today, with silver also strengthening. The price of gold is again Rs. On the other hand, silver has risen from Rs 544 to Rs 71294 per kg. On Tuesday, the average price of 24 carat gold rose by Rs 241 to Rs 49047. At the same time, the 22 carat gold spot price has now reached Rs 44927 and the 18 carat price has reached Rs 36785. According to the website of India Bullion and Jewelers Association (ebayrates.com), on June 7, 2021, spot prices for gold and silver in bullion markets across the country are as follows …

Metal June 8 rate (Rs. 10 g) June 7 rate (Rs. 10 g)

Rate change (Rs. 10 g)

Gold 999 (24 carats) 49047 48806 241
Gold 995 (23 carat) 48851 48611 240
Gold 916 (22 carat) 44927 44706 221
Gold 750 (18 carat) 36785 36605 180
Gold 585 (14 carat) 28692 28552 140
Silver 999 71294 Rs. 70750 Rs / kg 544 / kg

Why are rates soaring

Let us tell you that this rate issued by the India Bullion and Jewelers Association and the price of your city can vary from 500 to 1000 rupees. As for the rise in gold and silver prices, there are many reasons behind this, says Ajay Kedia, director of Kedia Commodities. Bullion growth in US non-farm payroll jobs in May showed lower growth than expected, according to Labor Department data that the Fed will not raise rates anytime soon. Weaker dollar and lower bond returns also contributed to the gold rally. At the same time, the dollar index fell from 90.03 to 90.13, a decrease of 0.4% from the previous close. In the following days, gold may again be 50 thousand.

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 the IBJA rate when buying and selling gold. According to the India Bullion and Jewelers Association, Ibza currently takes gold and silver from 14 centers and gives it its average value. The current gold and silver price or spot price may vary from place to place, but there is little difference in their prices.

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