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Gold Price Update: Gold rate falls in wedding season

 Gold Price Update: Gold is being sold below the psychological level of Rs 61,500 per 10 grams and silver at Rs 77,300 per kg. (Gold Price Update) This time gold can be bought cheaper by about Rs 150 per 10 grams and silver by about Rs 2700 per kg from the all-time high. New rate […]

Edited By : Divya Richa | Updated: May 8, 2023 11:35 IST
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 Gold Price Update: Gold is being sold below the psychological level of Rs 61,500 per 10 grams and silver at Rs 77,300 per kg. (Gold Price Update) This time gold can be bought cheaper by about Rs 150 per 10 grams and silver by about Rs 2700 per kg from the all-time high.

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 business week, there was a rise in the price of gold as well as silver in the bullion market. 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 the two-day holiday, now the new rate of gold and silver will be released today.

 Gold Price Update: Gold and silver on Friday

On Friday, gold became cheaper by Rs 150 per 10 grams and closed at Rs 61496 per 10 grams. Earlier on Thursday, Gold became costlier by Rs 602 per 10 grams and closed at a new record level of Rs 61646.

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On Friday, unlike gold, the price of silver continued to rise. On Friday, silver gained Rs 816 to close at Rs 77280 per kg. While on Thursday, silver closed at Rs 76464 per kg with a jump of Rs 1182.

Latest 14 to 24 carat gold rate

After this, 24 carat gold became cheaper by Rs 150 to Rs 61496, 23 carat gold became cheaper by Rs 150 to Rs 61250, 22 carat gold became cheaper by Rs 137 to Rs 56330, 18 carat gold became cheaper by Rs 112 to Rs 46122 and 14 carat gold became cheaper. 87 cheaper and is trading at the level of Rs 35975 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.

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Gold slips by Rs 150; silver by Rs 2700 from all-time high

After this, gold is selling cheaper by Rs 150 per 10 grams than its all-time high. Let us tell you that earlier on May 4, 2023, gold had made its all-time high. On that day, gold was at 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 around Rs 2700 per kg. The all-time high level of silver is Rs 79980 per kg.

Read More :- Latest Business News

First published on: May 08, 2023 10:34 AM IST

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