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The Indian bullion market experienced a significant decline in gold and silver prices on November 7th, 2024. Despite the drop, 24-carat gold remained above Rs 76,000 per 10 grams, while silver traded at over Rs 90,000 per kg. The India Bullion and Jewelers Association (IBJA) reported that 24-carat pure gold closed at Rs 78,136 per 10 grams on Wednesday evening.
As of Thursday, November 7th, the official website ibjarates.com displayed the following prices: 995 purity gold at Rs 76,249 per 10 grams, 916 (22 carat) purity gold at Rs 70,125 per 10 grams, 750 (18 carat) purity gold at Rs 57,417 per 10 grams, 585 (14 carat) purity gold at Rs 44,785 per 10 grams, and 999 purity silver at Rs 90,153 per kg. These prices represent a decrease from the previous day's values, with 999 purity gold declining by Rs 1,580, 995 purity gold by Rs 1,574, and 585 purity gold by Rs 925. Silver prices also experienced a decline of up to Rs 2,748.
To stay informed about the latest gold and silver prices, consumers can utilize a missed call service or visit the official website ibjarates.com. By making a missed call to 8955664433, individuals can receive the current rates for 22-carat and 18-carat gold via SMS. It is important to note that the prices released by the IBJA represent the standard cost of gold of different purities before tax and making charges. These rates are generally accepted across the country, but GST is not included.
The article highlights the fluctuating nature of precious metal prices and provides consumers with resources to stay up-to-date on the latest rates. It also emphasizes the importance of considering taxes and making charges when purchasing gold or silver. Overall, this article serves as a valuable source of information for individuals interested in the gold and silver market in India.