Patna: The beginning of the month of December has brought warmth for the jewelery market. There has been a tremendous rise in the prices of gold and silver throughout November. At present, silver has reached near its highest level and gold prices also seem to be touching new heights.
In the last one month i.e. the month of November, an increase of about Rs 7,000 per 10 grams was seen in the prices of gold. However, gold prices kept fluctuating this month. Prices remained stable most days.
Silver broke the record, jumped by 24 thousand
Compared to gold, silver has seen a bigger jump in its prices. Silver became costlier by around Rs 24,000 per kg in November. According to experts, due to increase in industrial demand, boom in the international market and positive environment in the metal market, the continuous rise in silver continued.
What will be the trend in December?
Jewelers believe that there may be slight stability in the market in the beginning of December, but based on global cues, prices may go up again. The purchase of gold and silver generally increases at the end of the year. Due to this, there remains a possibility of growth in local markets also. For now, considering the bullishness, investors should buy wisely. If prices remain stable then mid-December could be the right time to buy.
What is the latest rate?
Today the price of 24 carat gold in the jewelery market of Patna is Rs 1,29,600 per 10 grams. If GST is added then its price becomes Rs 1,33,488 per 10 grams. Without adding GST, 22 carat gold is being sold at Rs 120,000 per 10 grams and 18 carat gold is being sold at Rs 98,000 per 10 grams.
stability in silver also
In the jewelery market of Patna, one kg silver is sold at Rs 1,77,000 per kg. In this way, one kg of hall marked silver jewelery is being sold for Rs 1,75,000 per kg. If GST is added then its price becomes Rs 1,80,250.
What is the exchange rate of jewellery?
The exchange rate of 22 carat gold old jewelery is Rs 117,000 while 18 carat gold old jewelery is being exchanged for Rs 95,000. The exchange rate of hallmarked jewelery in silver is Rs 170 per gram while the exchange rate of non-hallmarked jewelery is Rs 166 per gram.
