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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