Gold Price: Gold prices fall drastically, gold has become so cheap

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iSpeech

Today 25 August 2020: Gold rate fell on the second day of the week. Today, 10 grams of gold in the bullion market across the country fell by Rs 555 to close at Rs 51454 as compared to Monday. At the same time, the price of silver fell by Rs 1,780 to close at Rs 64594 as compared to Monday. After a slight rise on Monday, there has been a big fall in the price of gold today.

According to the Bullion and Jewelers Association website (ibjarates.com) on 25 August 2020, the gold and silver spot prices across the country were as follows…

Metal25 August rate (Rs / 10g)24 August rate (Rs / 10g)Rate change (Rs / 10g)
Gold 999 (24 carat)5145452009-555
Gold 995 (23 carat) 5124851801-553
Gold 916 (22 carat)4713247640-508
Gold 750 (18 carat)38591 39007-416
Gold 585 (14 carat)3010130425-324
Silver 99964594 Rs/Kg66374 Rs/Kg-1780 Rs/Kg

Explain that the rate issued by IBJA is universally accepted. However, GST has not been included in the rate given on this website. When buying and selling gold, you can refer to the rate of IBJA.

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