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Gold price update: Gold falls by Rs2,300; Golden time now!

Gold price status: Wedding season is over in 2022. From today December 16 Kharmas is on till January 15, 2023. After this period, marriage will resume in the new year 2023. This has much impact on the price of gold and silver. Yellow metal prices have increased significantly on the fourth day of this business […]

Edited By : Divya Richa | Updated: Dec 16, 2022 11:36 IST
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Gold Price Update: Nothing better than gold drop; BIG LOOT! Gold falls by Rs2,800

Gold price status: Wedding season is over in 2022. From today December 16 Kharmas is on till January 15, 2023. After this period, marriage will resume in the new year 2023. This has much impact on the price of gold and silver. Yellow metal prices have increased significantly on the fourth day of this business week as well. On Thursday, gold fell by Rs 492 per 10 gramme, while silver fell by Rs 593 per kg. Following this, gold fell below Rs 54000 per 10 gramme, while silver dropped below Rs 67,000 per kg and closed. Following this fall, people will be able to purchase gold for Rs 2300 per 10 gramme and silver for more than Rs 13000 per kg.

On Wednesday, the fourth trading day of the week, gold (Gold Price) closed at Rs 53894 per kg, with a price of Rs 492 per 10 grammes lower. Whereas on the last trading day on Wednesday, gold became costlier by Rs 432 per 10 grammes and closed at Rs 54386 per 10 grammes.

Along with gold, the price of silver fell on Thursday. Silver fell by Rs 593 per kg to close at Rs 66568 per kg. Silver closed at Rs 67642 per kg on Wednesday, an increase of Rs 481 per kg from the previous trading day.

14 to 24 carat Gold price status

Thus, on Thursday, 24-carat gold fell by Rs.492 to Rs.53,894, 23-carat gold fell by Rs.490 to Rs.53,679, 22-carat gold fell by Rs.451 to Rs.49,366, 18-carat gold fell by Rs.369 to Rs.40,420, and 14-carat gold fell by Rs. Gold fell by Rs 381 to close at Rs 31528 per 10 gramme.

Gold down Rs 2300 and silver down Rs 13400 from all-time highs

Gold is currently selling for Rs 2306 per 10 grammes less than its all-time high. Let us remind you that gold reached an all-time high in August 2020. At the time, gold had reached a price of Rs 56200 per ten grammes. Silver, on the other hand, was falling below its all-time low of Rs 13414 per kg. Silver’s all-time high price is Rs 79980 per kg.

Do not put off purchasing gold

According to bullion market specialists, there is still plenty of time left in the wedding season. In such a case, the price of gold and silver will continue to rise in the following days. Furthermore, these experts believe that the price of gold will shortly approach or exceed its all-time high in the new year 2023. In such a case, if you have a wedding here as well and want to acquire gold, do it as soon as feasible. In order for you to profit.

During the wedding season, gold and silver prices continue to fluctuate. As a result, during the wedding season, jewellery buyers are at a loss as to when it is appropriate to purchase gold and silver, i.e. when it is cheaper.

Know Gold price status via missed call

You can get the retail price of 22 carat and 18 carat gold jewellery by calling 8955664433. Rates will be sent to you through SMS shortly. In addition, you can stay up to date by visiting www.ibja.co or ibjarates.com.

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First published on: Dec 16, 2022 11:17 AM IST
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