Gold prices today 5 February 2021: Gold prices are constantly falling after the budget. On the one hand, while the futures and silver prices of the MCX are rising, the prices of gold and jewelery produced in the country’s bullion markets have fallen. Today, even on Friday, gold is cheaper in bullion markets. Since the Modi government has announced that it will reduce the customs duty on gold and silver in the budget, let me tell you that the golden glow has started to fade.
Today 24 carat gold costs Rs 422 per 10 grams. There has been a slight rise in the silver rate. The silver was trading at Rs 193 per kg, at Rs 67015. From the budget to date, gold is cheaper at Rs. On January 29 before the budget presented on February 1, gold was priced at Rs 49393 per 10 grams and silver at Rs 69726 per kg. Explain the price released by India Bullion and Jewelers Association and the price of your city can vary from 500 to 1000 rupees.
The price of petrol has increased from Rs 100 to Rs 2.62 per liter
According to the India Bullion and Jewelers Association website (ibjarates.com), on February 5, 2021, gold and silver prices across the country were as follows…
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| Metal | 5th February January Rate (Rs / 10g) | February 4th rate (Rs / 10g) |
Rate change (Rs / 10 g) |
| Gold 999 (24 carats) | 47030 | 47452 | -422 |
| Gold 995 (23 carat) | 46842 | 47262 | -420 |
| Gold 916 (22 carat) | 43079 | 43466 | -387 |
| Gold 750 (18 carat) | 35273 | 35589 | -316 |
| Gold 585 (14 carat) | 27513 | 27759 | -246 |
| Silver 999 | 67208 Rs / kg | 67015 Rs. / Kg | 193 / 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, in other places, the spot price may be different, but there is little difference in their price.
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