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Charts provided by TheBullionDesk.com
Local market rates would be different from the rates quoted in these charts.
This is because the local wholesale bullion market works on a complex system of wholesalers, stockists, bulk consumers, re-sellers, and retailers.
For example if you order bulk silver coins from a wholesaler in Chandni Chowk, New Delhi, the coins would be made by a coin-making specialist using that dealer's dies. The same coin-maker would be making coins for many other dealers as well. Depending upon the individual dealer's cost price and the coin maker's schedule, the prices would vary somewhat dealer to dealer.
In times of great demand such as Diwali, dhan-teras, weddings, you may have to wait a few days before your order is completed. In that case you would pay a booking amount to fix the rate at which you would eventually buy--regardless of the rate on the delivery date.
Local wholesale Bullion prices are quoted as 'call' (asking price) and 'delivery' (bidding price) and there is a negotiating difference between the two. Additionally, the prices would be different than the ones quoted on the MCX commodity exchange. So the local market prices can be significantly lower or higher than the daily chart quoted rates, depending on the current delivery cycle running presently in the market.
Use the charts and information here only as indicators and guidelines for your purchases.
Here are convenient charts tracking the international price of gold (per gram), and silver (per kilogram) in Indian Rupees
(Chart for Silver prices per kilo)
On this page you can use the gram to ounce calculator to convert weights, or use the gold 100 gram figures and adjust the decimal point to get the 10 gram or per gram equivalent.
Ounce rates quoted are for pure gold content (99.99%); other rates given in the charts are for 99.5% purity gold accepted as 24k, also known as 'fine gold ounce' or 'fine gold' if designated in grams. Calculations for 22k (91.66% purity 'standard ounce') would be calculated using the .995 rate as the base.
Here is a handy Real Rate of Return calculator.
This is a very useful tool to calculate the inflation adjusted rate of return for an investment.
For general purposes, the nominal rate of return is taken to be the current safe bank interest on a fixed deposit, or a government backed security. This inflation adjusted return is an indicator of the real rate of return in an economy.
However, the nominal rate can be designated for any investment asset class while calculating the real rate of return.