Gold Price Today 7th September 2020: Changes are being seen in the spot price of gold and silver today. On Monday, bullion markets across the country opened 24 karat gold today, while silver rate is seen rising. Gold fell by Rs 41 to Rs 51065 against Friday's closing price of Rs 51106 per 10 grams. As far as silver is concerned, it opened up by Rs 611 per kg to Rs 65048. Gold has become cheaper by Rs 5189 from your peak so far, while silver has lost about Rs 10,000.
According to the India Bullion and Jewelers Association website (ibjarates.com), on 7 September 2020, the gold and silver spot prices across the country were as follows…
|Metal||7 September rate (Rs / 10g)||4 September rate (Rs / 10g)||Rate change (Rs / 10g)|
|Gold 999 (24 carat)||51065||51106||-41|
|Gold 995 (23 carat)||50861||50901||-40|
|Gold 916 (22 carat)||46776||46813||-37|
|Gold 750 (18 carat)||38299||38330||-31|
|Gold 585 (14 carat)||29873||29897||-24|
|Silver 999||65048 per kg||64437 per kg||611 per 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.