Gold price falls today 14 December 2020: Gold and silver prices are down again in bullion markets today. At the Delhi bullion market, gold fell by Rs 460 per 10 grams to Rs 48,371 on Monday. In bullion markets nationwide, the 24-carat gold price fell by Rs 6 per 10 grams to close at Rs 49040 at Rs 187 and Rs 48859 a barrel. Silver was cheaper by Rs 276, opened at Rs 62431 per kg and closed at 62600 with no change. Explain that the rate issued by the India Bullion and Jewelers Association and the price of your city can vary from 500 to 1000 rupees.
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According to the India Bullion and Jewelers Association website (ebject.com), on December 14, 2020, gold and silver prices across the country were as follows…
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| Metal | 14 December Rate (Rs / 10g) | 10 December rate (Rs / 10 g) |
Rate change (Rs / 10 g) |
| Gold 999 (24 carats) | 48859 | 49046 | -187 |
| Gold 995 (23 carat) | 48663 | 48850 | -187 |
| Gold 916 (22 carat) | 44755 | 44926 | -171 |
| Gold 750 (18 carat) | 36644 | 36785 | -141 |
| Gold 585 (14 carat) | 28583 | 28692 | -109 |
| Silver 999 | 62600 Rs / kg | 62600 Rs / kg | 0 Rs / kg |
Gold at Rs 460 and silver at Rs 629
Due to the weakening of the global trend, gold in the Delhi bullion market fell by Rs 460 per 10 grams to Rs 48,371. HDFC Securities provided the information. 48,831 per 10 grams of gold in the previous trade. Silver fell by Rs 629 to Rs 62,469 per kg. The previous closing price was Rs 63,098 per kg. Tapan Patel, senior commodity analyst at HDFC Securities, said: “The price of 24 carat gold in Delhi fell by Rs. The rupee had gained five paise to close at 73.59 per dollar in early trade on Monday. In the international market, gold fell to 8 1,830 per ounce, while silver remained unchanged at $ 23.82 per ounce.
IBJA rates are recognized nationwide
Explain that the rates offered by IBJA are universally accepted. However, GST is not included in the rates offered on this website. When buying and selling gold, you can refer to the IBJA rate. According to the India Bullion and Jewelers Association, Ibza shows the average price of gold and silver from the country’s 14 centers, taking the current price. The current gold-silver rate or, say, the spot price may differ elsewhere, but there is little difference in their price.
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