Gold Price Live Today: 24 Carat Gold Surges by ₹2,369 Per Tola
Gold and silver prices witnessed a significant surge on June 15, with 24-carat gold rising by Rs 2,369 per tola. Investors and jewelry buyers are tracking these latest rates, which exclude GST and making charges, across various gold purities on the MCX.
Highlights
- •August-delivery gold on MCX rose by Rs 3,000 to Rs 152,999 per 10 grams.
- •The 24-carat gold rate increased by Rs 2,369 per tola to Rs 150,169 per 10 grams.
- •Silver prices saw a substantial gain, reaching Rs 251,011 per kg based on IBJA data.
- •Final retail prices for jewelry will be higher due to applicable GST and making charges.
On Monday, June 15, the domestic market witnessed a significant uptick in gold price trends, drawing considerable attention from investors and consumers alike. Trading activity on the Multi Commodity Exchange (MCX) reflected this bullish sentiment, with gold designated for August delivery experiencing a notable rise, climbing by approximately Rs 3,000 to reach Rs 152,999 per 10 grams. Similarly, silver scheduled for July delivery saw a substantial increase, moving to Rs 252,166 per kg following an appreciation of Rs 6,000.
Market Movements and Price Adjustments
Official data provided by the Indian Bullion and Jewellers Association (IBJA) corroborates this upward momentum in the physical market. Following a closing figure of Rs 147,800 per 10 grams last week, 24-carat gold prices surged at the start of the week, reaching Rs 150,169 per 10 grams. This adjustment represents a marked increase of Rs 2,369 per tola. Silver followed a comparable trajectory, moving from a previous close of Rs 242,582 per kg to open at Rs 251,011 per kg, marking an appreciation of Rs 8,429.
For individuals observing the gold price fluctuations before making jewelry purchases, it is essential to note the variations across different purity levels. According to the latest reports from the IBJA, the 24-carat gold rate now stands at Rs 150,169 per 10 grams. In contrast, 23-carat gold (995 purity) is priced at Rs 149,568 per 10 grams. Meanwhile, 22-carat gold (916 purity) is listed at Rs 137,555 per 10 grams, 18-carat gold (750 purity) is at Rs 112,627 per 10 grams, and 14-carat gold (585 purity) is currently at Rs 87,849 per 10 grams.
Important Consumer Considerations
The precious metals market continues to show dynamic behavior, impacting the cost of acquisition for retail buyers. Regarding the gold price for silver, the market recorded a price of Rs 251,011 for 999 purity per kg. It is vital for consumers to understand that these listed rates represent base valuations and do not incorporate additional expenses such as Goods and Services Tax (GST) or specific making charges. Retail buyers should anticipate that the final cost of jewelry will increase once these additional tax components and craftsmanship fees are included in the transaction.
