The Indian bullion market has released the rates of gold and silver on Friday i.e. 20 January. Gold has become costlier in Kanpur, Gorakhpur and Agra. While silver rates remained stable in Garekhpur.
There has been a rise in gold and silver in Kanpur. On Thursday, gold was 56650 per ten grams and silver was 68100 per kg. On Friday, gold was 57100 per ten grams and silver was 68600 per kg.
The rates of both gold and silver have increased in Agra. On Thursday, gold was 56800 per ten grams and silver was 68150 per kg. On Friday, gold was 57000 per ten grams and silver was 68600 per kg.
In Gorakhpur, a decrease in the price of gold was recorded, while the rate of silver remained stable. On Thursday, gold was 57800 per ten grams and silver was 69000 per kg. On Friday, gold was 57200 per ten grams and silver was 69000 per kg.
There was a fall in gold and an increase in silver in Bareilly. On Wednesday, gold was 56000 per ten grams and silver was 67700 per kg. Due to the closure of the market on Thursday, the rates of gold and silver will be valid the day before.
If the making charge on jewelry is low, then the rate of gold is high.
There is a difference of rate between two shops of gold and silver even within a city. But if a piece of jewelry is to be bought, the overall cost of the customer becomes the same. In fact, the cost of making the jewelery is over and above the rate of gold and silver. You will notice that in the shop where the price of gold is low, the making charge is up to 15-24%.