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Gold Price Today: Rates Surge – How To Check The Purity Of The Yellow Metal?

Gold prices in India aren't solely driven by physical gold demand and supply. Instead, they're significantly influenced by trading activities on major global markets, including the London OTC spot market and the COMEX gold futures market.

Gold Price Today

Gold Price Today: Yellow metal buyers will have to spend more as Gold price rises, with 24-carat gold witnessing a surge on Thursday. Additionally, the popular choice for jewelers, 22-carat gold, prized for its durability, was priced at Rs 72,260 for 10 grams.

The price of 24-carat gold surged on Thursday, with 10 grams of it selling at Rs 78,830, according to Good Returns. However, Silver prices witnessed a fall, with the metal’s price now standing at Rs 92,400 per kilogram, according to Good Returns.

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Gold Price Today: Major Cities

City

Gold Price (22-Carat/10 gm)Gold Price (24-Carat/10 gm)Silver Price (Rs/kg)
DelhiRs 72,410Rs 78,980Rs 92,400
NoidaRs 72,410Rs 78,980Rs 92,400
LucknowRs 72,410Rs 78,980Rs 92,400
MumbaiRs 72,260Rs 78,830Rs 92,400
BengaluruRs 72,260Rs 78,830Rs 92,400
ChennaiRs 72,260Rs 78,830Rs 99,900
PuneRs 72,260Rs 78,830Rs 92,400
AhmedabadRs 72,310Rs 78,880Rs 92,400
KolkataRs 72,260Rs 78,830Rs 92,400
HyderabadRs 72,260Rs 78,830Rs 99,900

Source: Good Returns

How Gold Prices In India Are Determined?

Contrary to popular belief, gold prices in India aren’t solely driven by physical gold demand and supply. Instead, they’re significantly influenced by trading activities on major global markets, including the London OTC spot market and the COMEX gold futures market.

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Furthermore, other factors like global events, political issues, central bank decisions, and currency changes can also fuel the change in the prices of the precious metal.

How To Check The Purity Of Gold

Here are a few tips to check the purity of the gold:

1. Look for a hallmark: The best way is to look for the hallmark. 22-carat gold, also known as 916 gold, will have a hallmark stamp on its back of 916.

2. Check for the BIS Standard Mark: On all the jewelry, you can look for a triangle with the letters “BIS” underneath to ensure the purity of the gold.

3. Perform an acid test: An acid test can be performed under guidance, where you can test the gold with nitric acid to check its purity.

4. Color test: The yellow metal stays yellow always, it remains untarnished.

ALSO READ: Union Budget 2025: Can Nirmala Sitharaman Deliver As GDP Growth Rate Stands Slashed?

HISTORY

Written By

Akshat Mittal


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

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