Today's Gold Price Delhi: Gold, Silver Prices Continue To Fall For 3rd Day

The prices of gold and silver witnessed yet another decline for third consecutive day on September 15, 2022. The price of yellow metal witnessed a decline of Rs 200 today for 10 grams of 22 carat gold at Rs 46,200 in India. Meanwhile, the price of 24 carat of gold saw a dip of Rs 220 per 10 grams at Rs 50,400 in India.

The price of gold fell yesterday by Rs 330 for 10 gram of 22 carat gold in India and the price of 24 carat gold fell by Rs 360 for 10 grams. The 22-carat gold was priced at Rs 46,400 and 24 carat gold was priced at Rs 50,620 per 10 grams.

The price of 22 carat of gold in Delhi is priced at Rs 46,350 per 10 grams while the price of 24 carat of gold in Delhi is priced at Rs 50,560 per 10 grams.

When it comes to the prices of silver, there a decline of Rs 600 for 1 kg of silver at Rs 57,000. There was a decline of Rs 600 yesterday as well to close at Rs 56,400 per kg.

How is hallmarked gold rate today in India determined?
Now, first the important thing is that there is no difference between normal gold rate and hallmarked gold rate. Nobody charges extra for giving you hallmarked gold rate. It is the same rate at which the normal gold is sold. The only difference is that you are ensured of purity when you buy normal gold.
Hallmarked gold rate vs normal gold rate

1) There is no difference in gold prices

2) You are ensured of purity through hallmarking

3) You have to take the precious metal to the essaying centres

4) Not many essaying centres are available in the market

5) Some have advocated a stringent quality practice that has to established at the testing centres

6) Still some way to reach the town and smaller cities

7) Focus must be on swift expansion of the essaying centres so the smaller jewellers can make the best use of it

The one thing that we need to mention is that hallmarked gold rates today in India do not differ in their pricing. What does differ is the quality of the precious metal. In any case what we advocate when you are buying is to buy into very high-quality stuff. If there are no charges and difference between the two, it is better to stick to the quality hallmarked products.

Investors have voiced their opinion on the poor number of hallmarking centres in the country and this needs to be addressed at the very earliest by the government of India. There is an urgent need to start more hallmarking centres, so quality gold is taken to all consumers in the country.