Gold and Silver Price Today: How much have rates dropped? Check prices in your city

Gold and Silver Prices Today: New prices for gold and silver have been released for Friday, 20 December. Let's find out the latest rates for gold and silver in major cities across the country.

Gold Silver Price Today: Fluctuations in gold and silver prices were observed today, Friday. The price of gold has increased from the previous closing price of ₹76,658 to ₹77,270 per 10 grams. Meanwhile, the price of silver has risen from ₹89,060 per kg to ₹91,400 per kg. Also, find out the latest prices of 23-carat, 22-carat, 18-carat, and 14-carat gold. Let's look at the prices of gold and silver in major cities across the country.

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

Delhi (Gold Silver Price in Delhi)

24 Carat Gold: ₹77,270 per 10 grams
22 Carat Gold: ₹70,840 per 10 grams
Silver: ₹91,400 per kg

Mumbai (Gold Silver Price in Mumbai)

24 Carat Gold: ₹77,120 per 10 grams
22 Carat Gold: ₹70,690 per 10 grams
Silver: ₹91,400 per kg

Jaipur (Gold Silver Price in Jaipur)

24 Carat Gold: ₹77,270 per 10 grams
22 Carat Gold: ₹70,840 per 10 grams
Silver: ₹91,400 per kg

Patna (Gold Silver Price in Patna)

24 Carat Gold: ₹77,170 per 10 grams
22 Carat Gold: ₹70,740 per 10 grams
Silver: ₹91,400 per kg

Kolkata (Gold Silver Price in Kolkata)

24 Carat Gold: ₹77,120 per 10 grams
22 Carat Gold: ₹70,690 per 10 grams
Silver: ₹91,400 per kg

Chennai (Gold Silver Price in Chennai)

24 Carat Gold: ₹77,120 per 10 grams
22 Carat Gold: ₹70,690 per 10 grams
Silver: ₹98,900 per kg

Importance of Gold Purity and Hallmarking

When buying gold, always check its purity and hallmarking. A hallmark guarantees the quality of the gold and helps avoid 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)

For example, if "916" is marked on the gold, it is 22-carat with a purity of 91.6%.

How to Check Gold Purity?

Gold purity is determined by its carat. 24-carat gold is 100% pure. If you have 22-carat gold, you can use the formula below to find its purity:

Purity Percentage = (22/24) x 100 = 91.6%

How are Prices Determined?

In India, gold and silver prices are released by the Indian Bullion and Jewellers Association (IBJA). These rates are determined based on international gold prices and the rupee's position. Additionally, differences in gold and silver prices may exist across different cities due to local taxes and other charges.