The Indian bullion market has released the rates of gold and silver on Thursday i.e. 19th January. Gold has become costlier in Kanpur, Gorakhpur and Agra. While the rates have fallen in Kanpur.
In Kanpur, there was a rise in gold and a decrease in silver. On Wednesday, gold was 56600 per ten grams and silver was 69100 per kg. On Thursday, gold was 56650 per ten grams and silver was 68100 per kg.
The rates of both gold and silver have increased in Agra. On Wednesday, gold was 56500 per ten gram and silver was 67900 per kg. On Thursday, gold was 56800 per ten gram and silver was 68150 per kg.
In Gorakhpur too, an increase in the price of gold has been recorded while the price of silver remained stable. On Wednesday, gold was 56500 per ten grams and silver was 69000 per kg. On Thursday, gold was 57800 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%.