Gold and silver prices jumped on Monday amid a downturn in the share market. Gold and silver prices have been experiencing continuous fluctuations since the beginning of this month. Last week also saw significant increases in the prices of these two precious metals. As a result, gold and silver prices are once again reaching record levels. The Sensex and Nifty50 have been down since Monday morning. However, the extent of the decline has reduced somewhat as the day progressed. Though the graphs of both benchmark indices remain in the red.
On Monday, the price of 24-carat pure gold increased by 1,500 rupees per 10 grams. The price of 22-carat gold jewellery increased by 1,400 rupees per 10 grams. Silver prices increased by 3,900 rupees per kilogram on this day.
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Gold prices in Kolkata market on Monday: (excluding taxes)
Pure gold bar (24 carat): 1 lakh 33 thousand 800 rupees (per 10 grams)
Pure gold bar (retail): 1 lakh 34 thousand 450 rupees (per 10 grams)
Hallmarked jewellery gold (22 carat): 1 lakh 27 thousand 800 rupees (per 10 grams)
Silver (retail): 1 lakh 93 thousand 700 rupees (per kilogram)
(Price source: WBBMJA)
You will not be able to buy gold at these rates when you go to the market. It will cost somewhat more than these rates. This is because GST and jewellery-making charges will be added to these rates. While GST is fixed at 3 percent, these charges may vary from shop to shop.
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}
