Gold price today: March 1, 202: In February, gold prices fell from around Rs. At the same time, silver opened on March 1 with weakness. Silver fell by Rs 1105 in the previous month. Today, on March 1, 24 carat gold was cheaper at Rs 459 per 10 grams in bullion markets and opened at Rs 46111, while silver also fell by Rs 148 to Rs 68473. 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 (ibjarates.com), on March 1, 2021, gold and silver prices across the country were as follows:
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| Metal | 1 March rate (Rs / 10g) | February 26th rate (Rs / 10g) |
Rate change (Rs / 10 g) |
| Gold 999 (24 carats) | 46111 | 46570 | -459 |
| Gold 995 (23 carat) | 45926 | 46384 | -458 |
| Gold 916 (22 carat) | 42238 | 42658 | -420 |
| Gold 750 (18 carat) | 34583 | 34928 | -345 |
| Gold 585 (14 carat) | 26975 | 27243 | -268 |
| Silver 999 | 68473 Rs / kg | 68621 Rs / kg | -148 Rs / kg |
If the petroleum products are covered by GST, the petrol-diesel price will be Rs 45 per liter.
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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