Gold prices today, August 2021: Gold and silver are seeing a big change in the gold market today. Compared to Wednesday, Friday’s 24-carat gold price is 135 rupees more expensive and at Rs 47411 per 10 grams. At the same time, the weakness of Rs 870 per kg is visible in silver.
If we talk about 23 carat gold, its price has now reached Rs 47221. At the same time, 22 carat gold is priced at Rs. 43428 and rose to 18 carat 35558 for 10 g. 14 Carat Price 27735 Rs. These rates, issued by the India Bullion and Jewelers Association, can vary from 500 to 1000 rupees and 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 20, 2021, gold and silver spot prices across the country are as follows …
|Metal and its purity||20th August rate|
|Gold 999 (24 carat) (Rs. 10 g)||47411|
|Gold 995 (23 carat) (Rs. 10 g)||47221|
|Gold 916 (22 carats) (Rs / 10g)||43428|
|Gold 750 (18 carat) (Rs. 10 g)||35558|
|Gold 585 (14 carat) (Rs. 10 g)||27735|
|Silver 999 (Rs / kg)||62471|
Gold is still 8843 rupees cheaper
Last year’s all-time high was Rs. On August 7, gold was priced at Rs 8806 per 10 grams compared to today’s rate of 56254. At the same time, silver is also 12667 rupees cheaper than last year. However, experts believe that gold will cross Rs 55,000 per 10 grams over the next one year.
This is the right time to invest in gold
According to Ajay Kedia, director of Kedia Commodities, if you plan to invest in gold for one or two months, stay away from it, but if you have been investing in gold for two years, this is the right time. In the next six months, gold could break the 50000 level and within a year it would break the 54000 level.
Gold will continue to rise for two years
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 2008 to 2011. This time the rise in gold came in 2020 and could last until 2022-23.
IBJA rates are valid nationwide
Let us tell you that 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.