Gold fell by ₹412 to Rs 1,22,149: Silver became cheaper by ₹2,738; This year gold became costlier by ₹ 46,000 and silver by ₹ 65,000

Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS).

There is a decline in the prices of gold and silver again today (21 November). According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of gold has fallen by Rs 412 to Rs 1,22,149. Earlier its price was Rs 1,22,561 per 10 grams.

At the same time, the price of silver has also fallen by Rs 2,738 to Rs 1,51,375 per kg today. Yesterday it was Rs 1,54,113 per kg. On October 17, gold had made an all-time high of Rs 1,30,874 and on October 14, silver had made an all-time high of Rs 1,78,100.

What is the meaning of different prices in different cities?

IBJA’s gold prices do not include 3% GST, making charges and jewelers margin, hence the rates in cities are different. RBI uses these rates to decide the rates of Sovereign Gold Bond. Many banks use it to decide the rates of gold loan.

This year gold became costlier by ₹ 46,000 and silver by ₹ 65,000

• So far this year, the price of gold has increased by Rs 45,987. On December 31, 2024, 10 grams of 24 carat gold was worth Rs 76,162, which has now become Rs 1,22,149.
• The price of silver has also increased by Rs 65,358 during this period. On December 31, 2024, the price of one kg silver was Rs 86,017, which has now become Rs 1,51,375 per kg.

Expectation of fluctuations in gold price

According to experts, there may be fluctuations in gold prices in the coming days. Although the wedding season has started, this will provide support to gold. Due to this, its price may once again go up to Rs 1.25 lakh in the coming days.

Buy only certified gold

Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). This number can be alphanumeric i.e. something like this – AZ4524. Hallmarking shows how many carats the gold is.

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