Gold Price Today 8th June 2021: In the bullion market today, the brightness of gold has increased further, while silver has also strengthened. The price of gold has once again crossed Rs 49000 per 10 grams. On the other hand, silver has gained Rs 544 per kg to reach Rs 71294. Today i.e. on Tuesday, the average price of 24 carat gold has increased by Rs 241 to 49047. At the same time, now the spot price of 22 carat gold has reached Rs 44927 and the price of 18 carat has reached Rs 36785. According to the website of India Bullion and Jewelers Association (ibjarates.com), on June 7, 2021, the spot prices of gold and silver in bullion markets across the country were as follows…
|Metal||Rate of June 8 (Rs./10 gram)||Rate of June 7 (Rs./10 gram)||
Rate Change (Rs./10 gram)
|Gold 999 (24 karat)||49047||48806||241|
|Gold 995 (23 carats)||48851||48611||240|
|Gold 916 (22 karat)||44927||44706||221|
|Gold 750 (18 carats)||36785||36605||180|
|Gold 585 ( 14 karat)||28692||28552||140|
|Silver 999||71294 Rs/Kg||70750 Rs/Kg||544 Rs/Kg|
Why are the rates rising
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. As far as the rise in the rate of gold and silver is concerned, Ajay Kedia, Director, Kedia Commodities says that there are many reasons behind this. Bullion showed lower-than-expected growth in US non-farm payroll jobs in May, according to Labor Department data on expectations that the Fed will not raise rates too soon. Weak dollar and lower bond returns also contributed to gold’s rally. At the same time, the dollar index fell to a low of 90.03 to 90.13, which is still down more than 0.4% from the previous close. In the coming days, gold can become 50 thousand again.
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.