Gold Price Today 31st December 2020: On 31 December, the last day of the year 2020, the spot price of gold has once again crossed Rs 50000 per 10 grams in bullion markets. On Thursday, the spot price of 24 carat gold in the bullion markets across the country rose by Rs 152 per 10 grams to open at Rs 50123. While silver became costlier by Rs 186 and opened at Rs 67282 per kg. At the same time, 22 carat gold has also risen by Rs 140 to Rs 45913. Explain that the rate released by the India Bullion and Jewelers Association and the price of your city can vary from 500 to 1000 rupees.
According to the India Bullion and Jewelers Association website (ibjarates.com) on 31 December 2020, the gold and silver spot prices across the country were as follows…
| Metal | 31 December rate (Rs / 10g) | 30th December Rate (Rs / 10g) | Rate change (Rs / 10g ) |
| Gold 999 (24 carat) | 50123 | 49971 | 152 |
| Gold 995 (23 carat) | 49922 | 49771 | 151 |
| Gold 916 (22 carat) | 45913 | 45773 | 140 |
| Gold 750 (18 carat) | 37592 | 37478 | 114 |
| Gold 585 (14 carat) | 29322 | 29233 | 89 |
| Silver 999 | 67282 Rs / Kg | 67096 Rs / Kg | 186 Rs / Kg |
IBJA rates are recognized nationwide
Explain that the rate issued by IBJA is universally accepted. However, GST has not been included in the rate given on this website . When buying and selling gold, you can refer to the rate of IBJA. According to the India Bullion and Jewelers Association, ibja shows the average price of gold and silver from 14 centers across the country by taking a current rate. The current rate of gold-silver or, say, the spot price may be different at different places, but there is a slight difference in their prices.
