The Indian bullion market has released the rates of gold and silver on Tuesday i.e. 7th February. There has been a fall in the price of gold in Kanpur, Agra and Gorakhpur, while gold has become costlier in Bareilly. Silver remained stable in Gorakhpur.
There has been a big fall in the prices of gold and silver in Kanpur. On Monday, gold was 58100 per ten grams and silver was 68600 per kg. On Tuesday, gold was 58000 per ten grams and silver 68200 per kg.
A fall in the prices of gold and silver has also been observed in Agra. On Monday, gold was 58200 per ten grams and silver was 68800 per kg. On Tuesday, gold was 58000 per ten grams and silver was 68600 per kg.
Gold has become cheaper in Gorakhpur while silver rates remained stable. On Monday, gold was 57400 per ten grams and silver was 67500 per kg. On Tuesday, gold was 57200 per ten grams and silver was 67500 per kg.
Gold has become costlier and silver cheaper in Bareilly. On Monday, gold was 58200 per ten grams and silver was 67900 per kg. On Tuesday, gold was 58500 per ten grams and silver was 67600 per kg.
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. Actually, the cost of making jewelry is charged over and above the rate of gold and silver. You will notice that in the shop where the price of gold is less, the making charge is up to 15-24%.