Gold-Silver Price Today: Because of the volatile Middle East, the prices of gold and silver are trading close to all-time highs on Tuesday, March 3. One ounce of gold is still above $53,000 and is rising for the fifth successive session, while silver has increased by 2% today after closing at a lower price in the previous session.
Silver was up 1.29 percent on Tuesday during Asian trading hours, trading at 90.56 dollars per ounce, while spot gold, or the actual selling or purchasing price of gold, experienced a 1.26 percent increase, trading at 5,738 dollars per ounce.
Depending on the supplier and the locality, 10 grams of 24K gold might cost anywhere from Rs 1.66 lakh to Rs 1.73 lakh. Nationwide, the average price per kilogram of silver ranges from Rs 3.15 lakh and Rs 3.20 lakh.
The price of bullion and retail bills differ considerably since physical gold purchases in India are subject to 3% GST and fees ranging from 5 to 35%, depending on design, brand, and labor costs.
The Factors Affecting Gold and Silver Prices
After Iran’s attack on oil assets across the Middle East, the US has been more concerned about inflation as a consequence of the spike in energy costs. This has put pressure on treasury prices and raised the probability that the Federal Reserve will maintain a stable interest rate for a long time.
India’s Purity-Wise Gold Price
24K Gold (99.9% Pure) is priced between Rs 1,66,469 – Rs 1,73,090 for 10 grams and is priced between Rs 16,646 – Rs 17,323
22K Gold (Jewellery Gold), ranges between 1,52,486 and Rs 1,58,660 per 10 grams and Rs 15,248 to Rs 15,866 per 1 gram.
Gold Rates Today (Per 10 Grams)
| City | 24K Gold | 22K Gold |
|---|---|---|
| Delhi | 1,70,660 | 1,56,450 |
| Mumbai | 1,70,510 | 1,56,300 |
| Chennai | 1,70,840 | 1,56,600 |
| Kolkata | 1,70,510 | 1,56,300 |
| Bangalore | 1,70,510 | 1,56,300 |
| Hyderabad | 1,70,510 | 1,56,300 |
| Pune | 1,70,510 | 1,56,300 |
| Ahmedabad | 1,70,560 | 1,46,350 |
Must Read:
