Gold price today 8 February 2021: Gold continued to fall today. Today, Monday, bullion markets have seen a big change in silver, though gold prices are showing a slight rise. Today gold rose by Rs 152 to Rs 47389 per 10 grams and silver by Rs 930. The spot price of silver today is Rs 68353 per kg.
Explain that gold from the budget to Friday is cheaper at Rs 2044 and silver has weakened by Rs 2518 in the last five days. Before the budget tabled on February 1, gold was trading at Rs 49393 per 10 grams. And silver on January 29 at Rs 69726 per kg.
In 16 years gold rose from 7000 to 56000 and in 3 years it was Rs. After jumping, it became cheaper at Rs 9000 in 7 months.
According to the India Bullion and Jewelers Association website (ibjarates.com), on 5 February 2021, gold and silver prices across the country were as follows:
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| Metal | 8 February rate (Rs / 10g) | February 5th rate (Rs / 10g) |
Rate change (Rs / 10 g) |
| Gold 999 (24 carats) | 47389 | 47237 | 152 |
| Gold 995 (23 carat) | 47199 | 47048 | 151 |
| Gold 916 (22 carat) | 43408 | 43269 | 139 |
| Gold 750 (18 carat) | 35542 | 35428 | 114 |
| Gold 585 (14 carat) | 27723 | 27634 | 89 |
| 999 of silver | 68353 Rs / kg | 67423 Rs. | 930 / kg |
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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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