Gold Price Today 26 August 2020: Gold-silver rate continues to fall. In the bullion market across the country, on Wednesday, gold became cheaper by Rs 266 per 10 grams and opened at Rs 51188. At the same time, there is a huge decline in silver. Silver spot prices fell by Rs 2053 to Rs 62541 in the bullion market. According to the India Bullion and Jewelers Association website (ibjarates.com) on 26 August 2020, the gold and silver spot prices across the country were as follows…
|Metal||Rate of 26 August (Rs / 10g)||25 August rate (Rs / 10g)||Rate change (Rs / 10g)|
|Gold 999 (24 carat)||51188||51454||-266|
|Gold 995 (23 carat)||50983||51248||-265|
|Gold 916 (22 carat)||46888||47132||-244|
|Gold 750 (18 carat)||38391||38591||-200|
|Gold 585 (14 carat)||29945||30101||-156|
|Silver 999||62541 Rs/Kg||64594 Rs/Kg||-2053 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. According to Rajesh Khosla, media in-charge of the India Bullion and Jewelers Association Delhi, ibja shows the average price of gold and silver from 14 centers across the country. Khosla says that the current rate of gold-silver or, say, the spot price may be different at different places but there is a slight difference in their prices.
Internationally, gold prices have fallen below $ 1920 an ounce. The US dollar has rebounded strongly due to good economic data. At the same time, the rise in US bond yield, expectation of treatment of corona and possibility of trade deal between US-China has started putting pressure on gold. This is why gold rates are falling.