Yellow metal buyers will have to spend more as Gold price rises, with 24-carat gold witnessing a surge on Wednesday, May 14. The popular choice for jewellers, 22-carat gold, prized for its durability, was priced at Rs 88,560 for 10 grams.
The price of 24-carat gold too surged on Wednesday, with 10 grams of it selling at Rs 96,610, according to Good Returns. However, Silver prices witnessed a decline and are now standing at Rs 97,800 per kilogram, according to Good Returns.
In Mumbai, the price of ten grams of 24-carat gold is equivalent to the prices in Kolkata, Chennai and Hyderabad at Rs 96,610. The rate of ten grams of 24-carat gold today in Delhi is Rs 96,760.
The price of ten grams of 22-carat gold in Mumbai is Rs 88,560, the same as in Kolkata, Bengaluru, Chennai and Hyderabad. The price of ten grams of 22-carat gold in Delhi is Rs 88,710.
In Delhi, Mumbai, and Kolkata, one kilogram of silver is selling at Rs 97,800. In Chennai and Hyderabad, one kilogram of silver is selling at Rs 1,08,900.
Rates In Major Cities
| City | Gold Price (22-Carat/10 gm) | Gold Price (24-Carat/10 gm) | Silver Price (Rs/kg) |
| Delhi | Rs 88,710 | Rs 96,760 | Rs 97,800 |
| Noida | Rs 88,710 | Rs 96,760 | Rs 97,800 |
| Lucknow | Rs 88,710 | Rs 96,760 | Rs 97,800 |
| Mumbai | Rs 88,560 | Rs 96,610 | Rs 97,800 |
| Bengaluru | Rs 88,560 | Rs 96,610 | Rs 97,800 |
| Chennai | Rs 88,560 | Rs 96,610 | Rs 1,08,900 |
| Pune | Rs 88,560 | Rs 96,610 | Rs 97,800 |
| Ahmedabad | Rs 88,610 | Rs 96,660 | Rs 97,800 |
| Kolkata | Rs 88,560 | Rs 96,610 | Rs 97,800 |
| Hyderabad | Rs 88,560 | Rs 96,610 | Rs 1,08,900 |
Source: Good Returns
How Gold Price In India Are Determined?
Contrary to popular belief, gold prices in India aren’t solely driven by physical gold demand and supply. Instead, they’re significantly influenced by trading activities on major global markets, including the London OTC spot market and the COMEX gold futures market.
Furthermore, other factors like global events, political issues, central bank decisions, and currency changes can also fuel the change in the prices of the precious metal.
How To Check The Purity Of Gold
Here are a few tips to check the purity of the gold:
1. Look for a hallmark: The best way is to look for the hallmark. 22-carat gold, also known as 916 gold, will have a hallmark stamp on its back of 916.
2. Check for the BIS Standard Mark: On all the jewellery, you can look for a triangle with the letters “BIS” underneath to ensure the purity of the gold.
3. Perform an acid test: An acid test can be performed under guidance, where you can test the gold with nitric acid to check its purity.
4. Colour test: The yellow metal stays yellow always, it remains untarnished.
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