Gold , silver market rate in chennai, india?
Hi, the market rate for wholesalers is about 20% above the spot price of the precious metal, for retailers it can be as much as 200% above the spot rate
The main point is if you are buying in bulk ie a wholesaler 20-30% above the spot price is a fair price. If you are buying smaller quantities the price will be a lot higher.
you also have to take into consideration the % purity of metal content you are buying for example a silver necklace that is stamped 925 will contain 92.5% pure Silver.
I’m sure this know this anyhow.
The market rate or spot price is shown in the useful links below
Prices are in US$ per once (28g approx)
Current price at the moment is
$14.01 per once for silver
$688.90 per once for gold
This price is constantly varying
Source(s):
http://www.kitco.com/
gold charts and info
http://www.kitcosilver.com/
silver charts and info
http://www.uksilvergifts.com
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Add comment April 17, 2007
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1 comment March 13, 2007
