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Gold Price Update: Gold plunges Rs 500; good time for gold buyers

Gold Price Update: Gold and silver prices have registered a decline for the second consecutive day. After this fall, gold is selling below Rs 61000 per 10 grams and silver has fallen below Rs 72000 per kg. On Wednesday, the third day of this trading week, gold (Gold Price Update) became cheaper by Rs 420 […]

Edited By : Divya Richa | Updated: May 18, 2023 09:24 IST
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Gold Price Update: Gold and silver prices have registered a decline for the second consecutive day. After this fall, gold is selling below Rs 61000 per 10 grams and silver has fallen below Rs 72000 per kg.

On Wednesday, the third day of this trading week, gold (Gold Price Update) became cheaper by Rs 420 per 10 grams and closed at Rs 60646 per kg. While before that, on the last trading Tuesday, Gold became cheaper by Rs 142 per 10 grams and closed at the level of Rs 61066 per 10 grams.

On Wednesday, along with gold, the price of silver also declined. On Wednesday, silver declined by Rs 122 to close at Rs 71808 per kg. Whereas on Tuesday, silver became cheaper by Rs 525 and closed at Rs 71930 per kg.

14 to 24 carat 
After this, 24 carat gold became cheaper by Rs 420 to Rs 60646, 23 carat gold became cheaper by Rs 418 to Rs 60403, 22 carat gold became cheaper by Rs 385 to Rs 55552, 18 carat gold became cheaper by Rs 315 to Rs 45485 and 14 carat gold became cheaper by Rs 315. 246 cheaper and is trading at the level of Rs 35478 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 is cheaper by Rs 500 and silver by Rs 8100 from all-time high
After this, gold is selling cheaper by Rs 1000 per 10 grams than its all-time high. Let us tell you that gold made its all-time high on 13 April 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 8172 per kg. The all-time high level of silver is Rs 79980 per kg.

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.

First published on: May 18, 2023 06:30 AM IST

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