Gold Price Today 17th Feb: There is a big change in the rate of gold and silver in the bullion markets. According to the spot rate released by the India Bullion Association, today ie on Thursday, 24 carats of pure gold in the bullion markets became costlier by Rs 511 per 10 grams and opened at Rs 49968 in comparison to Wednesday's closing price. If GST is added to this, then it is sitting around Rs 51500. At the same time, silver has risen by Rs 166 per kg to Rs 63,400.
After GST, making a charge on jewelry and profit of jewelers separately: Today 22-carat gold price opened at Rs 45771 per 10 grams. With GST, it will come to Rs 47144. The making charges and jewelers' profit are separate on the jewelry made from it. At the same time, the price of 18-carat gold is now Rs 37767. With 3% GST, it will cost Rs 38600 per 10 grams. Whereas, now the price of 14-carat gold has reached Rs 29231 per 10 grams. With GST, it will be Rs 30107 per 10 grams. If we talk about 23-carat gold, then today it opened at the rate of Rs 49768 per 10 grams. On this also 3% GST will be levied separately.
IBJA rates are universal across the country
Let us tell you that the rates issued by IBJA are universal across the country. However, the rate given on this website does not include GST. You can refer to the IBJA rate while buying and selling gold. According to the India Bullion and Jewelers Association, ibja takes the current rate of gold and silver from 14 centers across the country and gives its average value. The current rate of gold and silver or rather the spot price may differ from place to place, but there is a slight difference in their prices.
Ask the shopkeeper to enter the hallmarking details in the bill
Hallmarking of every jewellery has been made mandatory from 1st December. Traders have increased the making charges. Gold jewellery has been made costlier by Rs 50 to Rs 100 per gram. Hallmarking is proof of the purity of gold. Hallmarking in gold jewellery in India started in the year 2000. The hallmark mark indicates that the gold is of international standard. It is issued by the Bureau of Indian Standards (BIS), an organization of the Government of India. In such a situation, traders doing business with transparency are advised to take a solid receipt while buying jewellery. Which has the HUID number, from which all the details will be from the quality of the jewellery.
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