Gold prices fall on the first day of June, silver prices continue to rise
On the last day of May, there was an increase in the prices of gold and silver. However, on the first day of June, the prices of gold have again decreased, while the prices of silver continue to rise. According to the prices released by the Indian bullion market, on June 1, 2023, there has been a decrease in the prices of gold and an increase in the prices of silver. The price of gold is currently at Rs 60,000 per 10 grams, while the price of silver is over Rs 71,000 per kilogram.
The India Bullion and Jewellers Association states that the national price of 24-karat gold with 999 purity for 10 grams is Rs 60,113, while the price of 999 purity silver is Rs 71,350. On Wednesday evening, the price of pure gold was Rs 60,390 per 10 grams, which has now dropped to Rs 60,113 per 10 grams. Similarly, based on purity, gold has become cheaper and silver has become more expensive.
Gold prices today: Latest prices of gold and silver
According to the official website ibjarates.com, the rate for 10 grams of 995 purity gold decreased to Rs 59,872 this morning. Similarly, the rate for 916 purity gold is now Rs 55,064. The rate for 750 purity gold is now Rs 45,085, and for 585 purity gold, it is now Rs 35,166. Moreover, the rate for 1 kilogram of 999 purity silver is now Rs 71,350.
It should be noted that all the prices released by the Indian Bullion Jewelers Association are standard rates for gold of different purities before taxes and making charges. The rates issued by IBJA are universally accepted, but they do not include GST. The rates of gold and silver are usually higher than their actual prices due to taxes and other charges when purchased.
Get gold and silver rates through a missed call
Apart from government holidays, rates are not released on Saturdays and Sundays by IBJA. To know the retail rates of 22 and 18-carat gold jewelry, one can give a missed call on 8955664433. The rates will be sent through SMS shortly after. For continuous updates, one can visit www.ibja.co or ibjarates.com.
In conclusion, the prices of gold have decreased while the prices of silver have increased on the first day of June, according to the Indian bullion market. People can get retail rates of gold and silver through a missed call or by visiting the official website of IBJA.
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