Gold Price Today 17th June 2021: In the bullion market today, there is a huge drop in the spot price of gold and silver. If the price of gold has come down to 48000, then the rate of silver has become cheaper by Rs 1314. In the bullion markets across the country, the average price of 24 carat gold fell by Rs 786 to Rs 47611 on Thursday, while silver at the rate of Rs 70079 per kg. According to the website of India Bullion and Jewelers Association (ibjarates.com), on June 17, 2021, the spot prices of gold and silver in bullion markets across the country were as follows.
|Metal||Rate of June 17 (Rs./10 gram)||Rate of June 16 (Rs./10 gram)||
Rate Change (Rs./10 gram)
|Gold 999 (24 karat)||47611||48397||-786|
|Gold 995 (23 carats)||47420||48203||-783|
|Gold 916 (22 karat)||43612||44332||-720|
|Gold 750 (18 carats)||35708||36298||-590|
|Gold 585 ( 14 karat)||27852||28312||-460|
|Silver 999||70079 Rs/Kg||71393 Rs/Kg||-1314 Rs/Kg|
Let us tell you that there may be a difference of 500 to 1000 rupees in this rate issued by the India Bullion and Jewelers Association and the price of your city.
Gold will shine in the long run
Anuj Gupta, Deputy Vice President (Commodity & Currency), Angel Broking, says that the positive news coming about the corona vaccine is causing gold prices to fall globally. Despite this, looking at the current low level, gold can reach Rs 57 thousand to 60 thousand per 10 grams in the next one year. He says that investing in gold is a profitable deal in the long term. However, he also says that before investing, do a thorough investigation.
IBJA rates are universal across the country
Let us tell you that the rates issued by IBJA are universal across the country. However, GST has not been included in the rate given on this website. You can refer to the IBJA rate while buying and selling gold. According to the India Bullion and Jewelers Association, ibja takes the current rate of gold and silver from 14 centers across the country and gives its average value. The current rate of gold and silver, or rather the spot price, may differ from place to place, but there is a slight difference in their prices.