Chandi Ka Rate: Great opportunity to buy silver! Silver has fallen by more than Rs 6000 from the record level, see today’s price

A relief news has come today for people thinking of buying gold and silver jewellery. There has been a big fall in the prices of both gold and silver in the bullion market today. Today on Monday, the price of 24 carat gold has fallen by Rs 1,444 per 10 grams as compared to the last trading day of last week i.e. Friday. Not only gold, but the shine of silver has also faded a bit today and its prices have also come down significantly as compared to Friday.

Let us tell you that like every day, Indian Bullions Jewelers Association (IBJA) has released new prices of gold and silver today also. If you are also planning to go to the market today, then definitely know today’s latest rates.

What is the rate of 24 carat gold today?

After this fall in the market today on Monday, the price of 24 carat pure gold has come down to Rs 1,55,599 per 10 grams. Earlier last Friday, when the market was closed at noon, the rate of 24 carat gold was running at Rs 1,57,043 per 10 grams. This simply means that from then till today, a huge decline of Rs 1,444 per 10 grams has been recorded in the prices of gold.

Latest price of 23 carat to 14 carat gold

According to the new list released today by the Indian Bullions Jewelers Association, the prices of gold of different purity have also changed. Today the rate of 23 carat gold in the market has been fixed at Rs 1,54,976 per 10 grams. At the same time, the rate of 22 carat gold, which is generally most preferred for jewellery, remains at Rs 1,42,529 per 10 grams and the rate of 18 carat gold also remains at Rs 1,42,529 per 10 grams. Apart from this, the rate of 14 carat gold with lowest purity fell to Rs 1,16,699 per 10 grams today.

Big fall in silver prices also

Along with gold, customers who bought silver today have also benefited. Compared to Friday, there has been a direct fall of Rs 1,066 in silver prices today. As soon as the bullion market opened on Monday, the rate of silver has come down to Rs 2,62,900 per kg. Whereas earlier on Friday, the price of silver had closed at a high level of Rs 2,63,966 per kg.

Gold rate is continuously decreasing since last few days

If we look at the data of the last few weeks, the prices of gold and silver are continuously coming down. On April 25, the rate of 24 carat gold in the market had reached a record level of Rs 1,58,622 per 10 grams, which has come down to Rs 1,55,599 per 10 grams today on Monday. That means, in the last few days, the rate of gold has fallen to Rs 3,023. Similarly, if we talk about silver, on April 25 the rate of silver was Rs 2,69,754 per kg, in which till now there has been a huge fall of Rs 6,854 per kg.

Why are the rates of gold and silver falling?

Market experts believe that at present there is a continuous rise in the prices of crude oil at the international level, due to which inflationary pressure is increasing in countries around the world. This increasing global inflation is not considered a good thing for the gold and silver market. Apart from this, the environment of uncertainty and tension created in different parts of the world has also affected the prices of gold and silver to a great extent, due to which their prices are fluctuating.

Government increased import duty

The government has also taken strict steps to control the increasing import of gold and silver in the country. The government has decided to drastically increase the import tax on gold and silver. After this change made by the government, now this import tax has directly increased to the level of 15 percent. Let us tell you that earlier this tax was kept at only 6 percent by the government.