The Indian bullion market has released the rates of gold and silver on Tuesday i.e. 17th January. An increase in gold was seen in Kanpur and Agra and a fall in Gorakhpur-Bareilly. Silver has fallen in Kanpur, Bareilly and Agra. Stayed stable in Gorakhpur.
An increase in gold and a fall in silver were observed in Kanpur. On Monday, gold was 56600 per ten grams and silver was 69000 per kg. On Tuesday, gold was 56700 per ten grams and silver was 68800 per kg.
A rise in gold and fall in silver was observed in Agra. On Monday, gold was 56500 per ten grams and silver was 69000 per kg. On Tuesday, gold was 56700 per ten grams and silver was 68700 per kg.
Gold declined and silver remained stable in Gorakhpur. On Monday, gold was 57800 per ten grams and silver was 69500 per kg. On Tuesday, gold was 57000 per ten grams and silver was 69500 per kg.
A fall in both gold and silver was seen in Bareilly. On Monday, gold was 56800 per ten grams and silver was 68000 per kg. Gold stood at 56750 per ten grams and silver at 67500 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. 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%.