Gold price falls today, July 12, 2021: The bullion market has seen a decline in the price of gold and silver. Gold is cheaper at Rs 92 per 10 grams, while silver is priced at Rs 148 per kg.
Compared to Friday, the average price of 24 carat gold fell from Rs 92 to Rs 47771 and silver was cheaper from Rs 148 to Rs 68641. According to the latest prices released by the India Bullion and Jewelers Association, the price of 23 carat gold has now dropped to Rs 47580. At the same time, 22 carat gold is being sold at Rs 43758 per 10 grams. However, the price of 18 carat gold dropped to Rs 35828. Let us tell you that this price, as issued by the India Bullion and Jewelers Association, may vary from 500 to 1000 rupees and may be in your city.
Also Read: The Modi government is selling cheap gold, you have the opportunity from 12th to 16th July
According to the website of India Bullion and Jewelers Association (ebayrates.com), on July 12, 2021, gold and silver spot prices in bullion markets across the country are as follows …
|Metal||July 12 rate (Rs. 10 g)||July 9th rate (Rs. 10g)||
Rate change (Rs. 10 g)
|Gold 999 (24 carats)||47771||47863||-92|
|Gold 995 (23 carat)||47580||47671||-91|
|Gold 916 (22 carat)||43758||43843||-85|
|Gold 750 (18 carat)||35828||35897||-69|
|Gold 585 (14 carat)||27946||28000||-54|
|Silver 999||68641 Rs.||68789 Rs / kg||-148 Rs / kg|
Gold shines last week, silver weakens
While the rise of yellow metal overseas last week has boosted the golden glow at the domestic level, silver remains soft. In the MCX futures market, gold rose by Rs 585 per week to Rs 47,923 per 10 grams over the weekend. On the last trading day, the Gold Mini closed at Rs 47,898 per ten grams. Merchants say marital demand is strong. Gold prices have also risen internationally. This made gold more expensive.
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, Ibiza currently takes gold and silver from 14 centers and delivers 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.