Gold prices continue to rise in the bullion market for the second consecutive day. Compared to Thursday, the price of 24 carat gold rose by Rs 149 to Rs 46680 per 10 grams. On the other hand, there is a decline of Rs.306 in silver. Experts believe gold will cross Rs 50,000 per 10 grams in the next 6 months.
Gold is at an all-time high of Rs 9574
As for 23 carat gold, its price has now reached Rs 46493. At the same time, the price of 22 carat gold rose to Rs 42759 per 10 grams and the 18 carat rose 31010 per 10 grams. 14 Carat Price 27308 Rs. You can charge today’s rates at an all-time high of Rs. The gold is Rs. At the same time, silver also fell by Rs 13286 over the previous year to Rs 62416 per kg. 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.
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According to the website of India Bullion and Jewelers Association (ibjarates.com), on August 13, 2021, gold and silver spot prices in the gold market across the country are as follows.
|Metal||August 13 rate (Rs / 10g)||August 12th rate (Rs / 10g)||
Rate change (Rs. 10 g)
|Gold 999 (24 carats)||46680||46531||149|
|Gold 995 (23 carat)||46493||46345||148|
|Gold 916 (22 carat)||42759||42622||137|
|Gold 750 (18 carat)||35010||34898||112|
|Gold 585 (14 carat)||27308||27221||87|
|999 of silver||62416 Rs / kg||62722 Rs / kg||-306 Rs / kg|
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 are planning 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 volatility 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 we look at the record of the last 20 years, when gold rises, it will be two to four years. Be it the 2000 to 2004 boom or the 2008 to 2011 boom. 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.