On the auspicious occasion of Makar Sankranti, gold prices have shattered all previous records across Punjab and the rest of India. The shine of gold is touching the skies.
24 Karat (Pure Gold): In Punjab’s major cities like Ludhiana, Amritsar, and Chandigarh, 24K gold is hovering around ₹1,42,690.
22 Karat (For Jewelry): 22K gold used for making ornaments is trading at about ₹1,30,810 per 10 grams.
18 Karat: Gold used in diamond jewelry stands at roughly ₹1,07,060.
These rates exclude 3% GST and making charges. Adding all taxes and fees, customers are paying over ₹1,45,000 for 24K gold.
Why the Surge? International gold hit a historic $4,599 per ounce amid the US-Venezuela crisis and festival demand.
Silver Prices: Silver has also risen, reaching nearly ₹2,75,000 per kilogram.
Advice for Buyers: With volatile prices, always check live rates with your local jeweler before investing or buying. Stick to BIS Hallmark-certified gold.