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Gold Price Update: Gold dips by Rs2,064, Silver by Rs 7,500

Gold Price Update: Gold on Friday closed at Rs 59582 per gram while Silver recorded a surge and closed at Rs 72420 per kg. Gold can be bought cheaper than the all-time high by about Rs 2000 per 10 grams and silver by about Rs 7500 per kg. In fact, gold has become cheaper and […]

Edited By : Divya Richa | Updated: Jun 19, 2023 10:34 IST
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Gold Rate Update

Gold Price Update: Gold on Friday closed at Rs 59582 per gram while Silver recorded a surge and closed at Rs 72420 per kg. Gold can be bought cheaper than the all-time high by about Rs 2000 per 10 grams and silver by about Rs 7500 per kg. In fact, gold has become cheaper and is selling below Rs.60,000 per 10 grams, while silver is selling below the psychological level of Rs.73,000 per kg.

New rate will be released today after two days

Actually, the new business week is starting from today. Today is the first day of the new business week. Earlier in the last trading week, where gold became cheaper by Rs 394 per 10 grams in the bullion market, a big drop in the price of silver was recorded by Rs 1257 per kg. In such a situation, today everyone’s eyes will be on how gold and silver move in the Indian bullion market on the first day of the new business week.

It may be noted that Indian Bullion Jewelers Association (IBJA) does not issue rates on Saturdays and Sundays except on holidays declared by the Central Government. That is, after two days of holiday, now the new rate of gold and silver will be released today.

This was the rate of gold and silver on Friday

Gold Price Update On Friday, the fifth and last day of the last trading week, gold became costlier by Rs 648 per 10 grams and closed at Rs 59582 per 10 gram. Whereas before that, on Thursday, on the previous trading day, gold became cheaper by Rs 330 per 10 grams and closed at the level of Rs 58934 per 10 grams.

On Friday, along with gold, the price of silver also saw a big jump. On Friday, silver became costlier by Rs 1358 and closed at Rs 72420 per kg. Earlier on Thursday, silver had become costlier by Rs 1143 and closed at Rs 71062 per kg.

Gold Price Update: 14 to 24 gold rate

After this, on Friday, 24 carat gold became costlier and was trading at Rs 59582, 23 carat Rs 59343, 22 carat Rs 54577, 18 carat Rs 44687 and 14 carat Rs 34856 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 2000; silver by Rs 7500 from all-time high

After this, gold is selling cheaper by Rs 2064 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 7560 per kg. The all-time high level of silver is Rs 79980 per kg.

Know latest gold price by giving 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 19, 2023 10:34 AM IST

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