Sunday, February 5, 2023

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Gold Price Update: Gold marginally up by Rs2 but still Rs 3,400 cheaper

Gold Price Update: Good news for those looking to buy gold and silver during the wedding season. Gold and silver prices rose on the third trading day of this trading week. Gold increased in price by Rs 2 per 10 gramme on Wednesday, while silver increased by Rs 215 per kilogramme. In addition, on Wednesday, gold ended at roughly Rs 52800 per 10 gramme and silver at Rs 61900 per kg. People can already purchase gold for around Rs.3400 per 10 grammes and silver for less than Rs.18000 per kg.

On Wednesday, on the second day of this trading week, Gold Price closed at a level of Rs 52777 per kg with a slight increase of Rs 2 per 10 grams. Whereas on Tuesday, on the previous trading day, gold became cheaper by Rs 77 per 10 grams and closed at Rs 52775 per 10 grams.

On Wednesday, along with gold, a rise in the price of silver was also recorded. Silver gained Rs 215 to close at Rs 61900 per kg. Whereas on Tuesday, the silver rate fell by Rs 425 per kg and closed at Rs 61685 per kg on the last trading day.

14 to 24 carat gold rate

In this way, on Wednesday, 24-carat gold became costlier by Rs 52,777, 23-carat gold by Rs 2, Rs 52,566, 22-carat gold by Rs 2, Rs 48,344, 18-carat by Rs 2, Rs 39,583 and 14-carat Gold became costlier by Rs 2 and closed at Rs 30875 per 10 grams.

Gold is getting cheaper by Rs400 and silver by Rs 18000 from all-time high

Gold is currently selling cheaper than its all-time high by Rs 3423 per 10 grams. Let us tell you that gold had made its all-time high in August 2020. At that time gold had gone up to the level of Rs 56200 per ten grams. On the other hand, silver was getting cheaper than its highest level at the rate of Rs 18080 per kg. The all-time high level of silver is Rs 79980 per kg.

Do not delay in buying gold

According to the experts of bullion market, there is still a lot of marriage season left. In such a situation, the phase of rise in the price of gold and silver will continue in the coming days. Also, these people say that soon in the new year 2023, the price of gold will reach near or beyond its highest level. In such a situation, if you have a wedding here too and you want to buy gold, then buy it as soon as possible. So that you can get some benefit.

The ups and downs in the prices of gold and silver continue during the wedding season. The prices of gold and silver sometimes increase and sometimes fall. Due to this, in the wedding season, jewelry buyers are in a dilemma as to when it would be appropriate for them to buy gold and silver i.e. it would be cheaper. Meanwhile, this business week has started with a rise in the prices of gold and silver.

Know the 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 continuous updates.

Know the purity of gold like this

If you want to check the purity of gold now, then an app has been made by the government for this. With the BIS Care app, customers can check the purity of gold. Through this app, you can not only check the purity of gold, but can also make any complaint related to it.

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