The Indian bullion market has released the rates of gold and silver on Monday i.e. 16th January. Gold rates remained stable in Kanpur, Agra and Gorakhpur, while silver recorded an increase. However, there was a jump in the prices of both gold and silver in Bareilly.
Gold remained stable in Kanpur, while there has been a rise in the rate of silver. On Saturday, gold was 56600 per ten grams and silver was 68600 per kg. On Monday, gold was 56600 per ten grams and silver was 69000 per kg.
In Agra too, gold remained stable, while silver recorded an increase. On Saturday, gold was 56500 per ten grams and silver was 68500 per kg. On Monday, gold was 56500 per ten grams and silver was 69000 per kg.
Gold rates remained stable in Gorakhpur, while an increase in the price of silver was recorded. On Saturday, gold was 57800 per ten grams and silver was 69000 per kg. On Monday, gold was 57800 per ten grams and silver was 69500 per kg.
There has been an increase in the rate of gold and silver in Bareilly. On Saturday, gold was 56700 per ten grams and silver was 67800 per kg. On Monday, gold was 56800 per ten grams and silver was 68000 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 low, the making charge is up to 15-24%.