Gold Price Today: Gold becomes cheaper for the fourth consecutive day, learn the latest price of June 5
Gold-Silver Price Today 5th june 2020: Unlock Life in India is slowly coming back on track. In the middle of the wedding season, the excitement in the bullion market is now visible. Today, on 5 June i.e. Friday, the gold and silver spot prices in the bullion market are falling for the fourth consecutive day. Gold has become cheaper from 22 carat to 24 carat. Silver has also become cheaper by Rs 255 per kg. On 1 June, 24 carat gold was sold at a rate of 47043. On the other hand, gold was sold 47075 on June 2, 46845 on June 3 and 46767 on June 4.
The website of the India Bullion and Jewelers Association (ibjarates.com) updates their average price. According to ibjarates, the gold-silver rate on June 5, 2020 was as follows…
5 June morning rate
| Metal | Rate of 5 June (Rs / 10g) | 4 June Rate (Rs / 10g) |
Rate change (Rs / 10g) |
| Gold 999 | 46700 | 46767 | -67 |
| Gold 995 | 46513 | 46580 | -67 |
| Gold 916 | 42777 | 42839 | -62 |
| Gold 750 | 35025 | 35075 | -50 |
| Gold 585 | 27320 | 27359 | -39 |
| Silver 999 | 47675 Rs / Kg | 47930 Rs / Kg | -255 Rs / Kg |
Gold rate from 18 to 24 carat
This morning, the price of 24 carat gold is seen to fall by Rs 67 per 10 grams. With this, gold has come to Rs 46700 per 10 grams. Silver has now come to Rs 47675. 23-carat gold i.e. gold 995 is seen falling by Rs 67. With this, the price of 23 carat gold has come down to Rs 46513, while the price of 22 carat gold has come down by Rs 62 to Rs 42777 per 10 grams. It does not have GST. At the same time, the price of 18 carat gold has now been Rs 35025.
| Gold | Accuracy |
| 24 carat | 99.9 |
| 23 carat | 95.8 |
| 22 carat | 91.6 |
| 21 carat | 87.5 |
| 18 carat | 75 |
| 17 carats | 70.8 |
| 14 carat | 58.5 |
| 9 carat | 37.5 |
According to Rajesh Khosla, media in-charge of the India Bullion and Jewelers Association, Delhi, ibja shows the average price of gold and silver from 14 centers across the country. Khosla says that the current rate of gold-silver or, say, the spot price may be different at different places but there is a slight difference in their prices.