Wednesday, November 30, 2022

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Gold Price Update: Gold rate surges but still Rs 3100 cheaper from all time high

Gold Price Update: Gold and silver prices have begun to reach the seventh sky as soon as the wedding season begins. The price of gold and silver has been steadily rising over the last eight days. The price of gold and silver increased on the second day of this trading week. On Wednesday, gold increased in price by Rs 271 per 10 gramme and silver by Rs 324 per kg. Following this, gold is sold at Rs 53000 per 10 gramme and silver at more than Rs 62500 per kg. Despite the increase, you can currently buy gold for less than Rs 3100 per 10 grammes and silver for less than Rs 17300 per kg.

Silver’s price rose on Wednesday, mirroring that of gold. Silver increased in price by Rs 687, closing at Rs 62594 per kilogramme. On the other hand, the price of silver increased by Rs 687 per kg on Monday, closing at Rs 62270 per kg.

Latest 14 to 24 carat gold rate

In this way, on Wednesday, 24 carat gold became costlier by Rs 271 to Rs 53094, 23 carat gold by Rs 270 to Rs 52881, 22 carat gold by Rs 248 to Rs 48634, 18 carat gold by Rs 204 to Rs 39821 and 14 carat gold by Rs 204. Gold became costlier by Rs 158 and closed at Rs 31060 per 10 grams.

Gold is still cheaper by around 3100 and silver by Rs 17300 from all-time high

Gold is currently selling cheaper than its all-time high by Rs 3106 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 17386 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.

Difference between hallmark gold and normal gold

The first and most significant point to note is that there is no difference between normal and hallmarked gold rates. Nobody charges you more to get a hallmarked gold rate. It is the same price at which regular gold is sold. The only difference is that when you buy regular gold, you are guaranteed purity.

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