Gold Price Today : In the bullion market today, both gold and silver prices have seen a minor drop. Gold has declined by ₹270 per 10 grams, while silver has slipped by ₹320 per kilogram. Despite this fall, the overall trend since the beginning of September remains bullish. In the past four trading sessions alone, gold has surged by ₹3,363 per 10 grams, whereas silver prices have witnessed a sharp rise of ₹5,328 per kilogram.
IBJA Rates Show Opening Prices for Gold and Silver
According to the latest rates issued by the India Bullion and Jewellers Association (IBJA), gold opened today at ₹105,751 per 10 grams, while silver started trading at ₹122,900 per kilogram. To put things in perspective, on the last trading day of August, gold closed at ₹102,388 per 10 grams and silver at ₹117,572 per kilogram. This indicates that despite today’s small correction, both metals have experienced significant appreciation in recent weeks.
Gold and Silver Prices Including GST
When Goods and Services Tax (GST) is added, the prices for precious metals in the retail jewelry markets become higher than the IBJA base rates. Currently, silver with GST has climbed to ₹126,979 per kilogram, while gold stands at ₹108,923 per 10 grams. On Tuesday, silver had closed at ₹123,220 per kilogram without GST, whereas gold ended at ₹106,021 per 10 grams without GST.
It is important to note that on Thursday, 24-carat gold without GST broke all previous records, touching ₹106,021 per 10 grams — its highest level ever.
Gold Prices Based on Carat Purity
The variation in gold prices is largely dependent on purity measured in carats. According to IBJA’s latest update:
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23 Carat Gold: Prices fell by ₹268, opening at ₹105,328 per 10 grams. With GST, the rate is now ₹108,487 per 10 grams. (This does not yet include making charges levied by jewelers.)
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22 Carat Gold: Registered a decline of ₹247, currently priced at ₹96,868 per 10 grams. With GST included, it costs ₹99,774 per 10 grams.
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18 Carat Gold: Dropped by ₹202, and opened at ₹79,313 per 10 grams. After adding GST, the rate is ₹81,692 per 10 grams.
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14 Carat Gold: Including GST, the price now stands at ₹63,719 per 10 grams.
These figures clearly show that while the base IBJA rates are relatively lower, the addition of GST and jeweler’s making charges increase the final cost for consumers.
How IBJA Releases Gold and Silver Prices
The India Bullion and Jewellers Association (IBJA) plays a crucial role in standardizing gold and silver prices in India. The association issues official price updates twice a day — once around 12 PM and again at approximately 5 PM. These rates serve as benchmarks for the bullion and jewelry market. However, it is worth mentioning that local prices in your city may differ by ₹1,000 to ₹2,000 depending on regional demand, logistics, and jeweler premiums.
Annual Rise in Gold and Silver Prices in 2025
The year 2025 has been highly rewarding for precious metal investors. So far, gold has become dearer by approximately ₹30,011 per 10 grams, and silver has surged by nearly ₹36,888 per kilogram.
On December 31, 2024, gold had opened at ₹76,045 per 10 grams and silver at ₹85,680 per kilogram. By the end of that day, gold closed slightly lower at ₹75,740 per 10 grams, while silver ended at ₹86,017 per kilogram. Compared to those levels, the rally in 2025 clearly highlights the strong momentum in bullion markets, fueled by global economic uncertainty, fluctuating dollar index, and rising demand for safe-haven assets.
Conclusion
While today’s session showed a marginal dip in both gold and silver rates, the overall outlook for precious metals remains strong. With gold and silver already trading at record highs this year, investors continue to look at them as reliable assets for wealth preservation. However, buyers in the jewelry market should always factor in GST, making charges, and local premiums before making a purchase, as these significantly raise the final cost above IBJA’s benchmark rates.