Gold price falls today 11 December 2020: Gold and silver prices have fallen again in bullion markets today. The 24-carat gold spot fell by Rs 94 to 10 grams at Rs 49097 in bullion markets on Friday. Silver is cheaper at Rs 169 and Rs 62,431 per kg. At the same time, 22 carat gold is also cheaper from Rs 86 to Rs 44,973. 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 11, 2020, gold and silver prices across the country were as follows…
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| Metal | December 11th rate (Rs / 10g) | 10 December rate (Rs / 10 g) |
Rate change (Rs / 10 g) |
| Gold 999 (24 carats) | 49097 | 49191 | -94 |
| Gold 995 (23 carat) | 48900 | 48994 | -94 |
| Gold 916 (22 carat) | 44973 | 45059 | -86 |
| Gold 750 (18 carat) | 36823 | 36893 | -70 |
| Gold 585 (14 carat) | 28722 | 28777 | -55 |
| Silver 999 | 62431 Rs / kg | 62600 Rs / kg | -169 Rs / kg |
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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