Gold and Silver Rates Today: Check 18 December Prices

Gold and Silver Prices Today: Fluctuations in gold and silver prices continue. Here you can find all the latest updates and today’s current rates. Generally, 22-carat gold, which is 91.6% pure, is used in jewellery. However, sometimes adulteration occurs, with 89% or 90% pure gold being sold as 22-carat. Therefore, always remember to check the hallmark when buying jewellery.

Gold Silver Price Today: Gold prices have been continuously declining, with silver prices also falling. On Wednesday, 18 December, the price of gold dropped from ₹76,908 per 10 grams to ₹76,362 per 10 grams. Similarly, silver prices decreased from ₹89,515 per kg to ₹88,525 per kg. Here’s a look at the latest prices for 23-carat, 22-carat, 18-carat, and 14-carat gold, and the current rates in your city. Let’s explore the latest gold and silver rates in major cities across the country.

Gold and Silver Prices in Major Indian Cities (Gold Silver Price Today)

Delhi (Gold Silver Price in Delhi)

24-carat gold: ₹78,160 per 10 grams
22-carat gold: ₹71,660 per 10 grams
Silver: ₹92,400 per kg

Mumbai (Gold Silver Price in Mumbai)

24-carat gold: ₹78,010 per 10 grams
22-carat gold: ₹71,510 per 10 grams
Silver: ₹92,400 per kg

Jaipur (Gold Silver Price in Jaipur)

24-carat gold: ₹78,160 per 10 grams
22-carat gold: ₹71,660 per 10 grams
Silver: ₹92,400 per kg

Patna (Gold Silver Price in Patna)

24-carat gold: ₹78,060 per 10 grams
22-carat gold: ₹71,560 per 10 grams
Silver: ₹92,400 per kg

Kolkata (Gold Silver Price in Kolkata)

24-carat gold: ₹78,010 per 10 grams
22-carat gold: ₹71,510 per 10 grams
Silver: ₹92,400 per kg

Chennai (Gold Silver Price in Chennai)

24-carat gold: ₹78,010 per 10 grams
22-carat gold: ₹71,510 per 10 grams
Silver: ₹99,900 per kg

Importance of Gold Purity and Hallmarking

When buying gold (Gold Silver Price Today), always check its purity and hallmarking. A hallmark guarantees the quality of the gold and helps prevent fraud. In India, 22-carat gold jewellery is most prevalent, with a purity of 91.6%.

Meaning of Hallmark Numbers

999: 99.9% pure (24-carat)
916: 91.6% pure (22-carat)
875: 87.5% pure (21-carat)
750: 75% pure (18-carat)
585: 58.5% pure (14-carat)
375: 37.5% pure (9-carat)

How are Prices Determined?

In India, gold and silver (Gold Silver Price Today) prices are released by the Indian Bullion and Jewellers Association (IBJA). These rates are determined based on the international gold price and the rupee’s value. Additionally, local taxes and other charges may cause variations in gold and silver (Gold Silver Price Today) prices across different cities.

Why are Gold and Silver Safe Investments?

Gold and silver (Gold Silver Price Today) have always been considered a safe investment. They are not only purchased as jewellery but their demand increases even more during times of economic instability. During market downturns, gold and silver offer investors a safe haven.