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Gold Price Update: Gold dips by Rs 1,600, buyers happy in wedding season

Gold Price Update: The price of gold and silver has registered a decline in closing rate on Wednesday. Due to this, the buyers of gold and silver are happy and excited about its purchase. On Wednesday, the third day of this business week, gold (Gold Price Update) became cheaper by Rs 68 per 10 grams […]

Written By : Divya Richa | Updated: Jun 8, 2023 08:45 IST
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Gold rate update

Gold Price Update: The price of gold and silver has registered a decline in closing rate on Wednesday. Due to this, the buyers of gold and silver are happy and excited about its purchase.

On Wednesday, the third day of this business week, gold (Gold Price Update) became cheaper by Rs 68 per 10 grams and closed at Rs 60028 per kg. Whereas before that, on the previous trading day, on Tuesday, Gold Price became costlier by Rs 495 per 10 grams and closed at Rs 60096 per 10 grams.

On Wednesday, like gold, the price of silver also saw a decline. On Wednesday, silver became cheaper by Rs 80 and closed at Rs 71824 per kg. Earlier on Tuesday, silver had become costlier by Rs 442 and closed at Rs 71904 per kg.

14 to 24 carat

24-carat gold became cheaper and was trading at Rs.60,028, 23-carat at Rs.59,788, 22-carat at Rs.54,986, 18-carat at Rs.45,021 and 14-carat at Rs.35,116 per 10 grams. Let us tell you that the gold and silver rates of MCX and the international market are tax-free, so there is a difference between the rates of the country’s markets.

Gold slips by Rs 1600; silver by Rs 8100 from all-time high

After this, gold is selling cheaper by Rs 1618 per 10 grams than its all-time high. Let us tell you that gold made its all-time high on 4 May 2023. On that day gold had gone up to the level of Rs 61646 per ten grams. At the same time, silver was still getting cheaper than its highest level at the rate of Rs 8156 per kg. The all-time high level of silver is Rs 79980 per kg.

Know latest gold price by giving a missed call

To know the retail rate of 22 carat and 18 carat gold jewellery, you can give a missed call on 8955664433. Rates will be received through SMS in a short while. Along with this, you can visit www.ibja.co or ibjarates.com for information about continuous updates.

First published on: Jun 08, 2023 08:45 AM IST

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