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Gold Price Update: Gold reaches all-time high again, 10 gm rate crosses Rs 61,000 mark

Gold Price Update: The gold on Wednesday evening has reached the level of Rs 61,044 per 10 grams, creating a new record of inflation. On the other hand, silver has jumped and silver is at the level of Rs 75282 per kg. Uncertainty hovered around gold and silver for the last few days. Gold has […]

Edited By : Divya Richa | Updated: May 4, 2023 13:52 IST
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Gold Price Update: The gold on Wednesday evening has reached the level of Rs 61,044 per 10 grams, creating a new record of inflation. On the other hand, silver has jumped and silver is at the level of Rs 75282 per kg. Uncertainty hovered around gold and silver for the last few days. Gold has once again reached its highest ever price. (Gold Price Update)

On Wednesday, gold (Gold Price Update) became costlier by Rs 627 per 10 grams and closed at a new record level of Rs 61044. Earlier, the highest price of gold was Rs.60880.

Whereas on the last trading day on Tuesday, Gold Price was costlier by Rs 249 per 10 grams and closed at the level of Rs 60417 per 10 grams.

On Wednesday, along with gold, the price of silver also registered a rise. On Wednesday, silver closed at Rs 75282 per kg with a huge gain of Rs 1056. Whereas on Tuesday, silver closed at Rs 74226 per kg with a gain of Rs 358.

Gold Price Update: 14 to 24 carat rate

After this, 24 carat gold became costlier by Rs 627 to Rs 61044, 23 carat gold by Rs 624 to Rs 60800, 22 carat gold by Rs 574 to Rs 55916, 18 carat gold by Rs 471 to Rs 45783 and 14 carat gold 367 becoming costlier and is trading at the level of Rs 35710 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 up by Rs 100 from all-time high; silver slips Rs 4,700

After this, gold is selling cheaper by Rs 164 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 60880 per ten grams. At the same time, silver was still getting cheaper than its highest level at the rate of Rs 4698 per kg. The all-time high level of silver is Rs 79980 per kg.

Know latest 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 continuous updates.

Gold Price Update: Check purity

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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Purest gold

Let us tell you that 24 carat gold is considered the purest, but jewelry cannot be made from this gold because it is very soft. That’s why mostly 22 carat gold is used in making jewelry or jewellery. 24 carat gold is 99.9 percent pure and 22 carat is about 91 percent pure. Jewelery is made by mixing 9% other metals like copper, silver, zinc in 22 carat gold, while 24 carat gold is brilliant, but its jewelery cannot be made. That’s why most shopkeepers sell gold in 22 carat.

Gold Price Update: Buy gold only after seeing the hallmark

While buying gold, customers must take care of its quality. Gold ornaments should be bought only after seeing the hallmark. Hallmark is a government guarantee for gold and the Bureau of Indian Standards (BIS) is the only agency in India that determines hallmarks. The Hallmarking Scheme is governed by the Rules and Regulations under the Bureau of Indian Standards Act.

Hall marks are given by ISO to identify the purity of gold. 999 is written on 24 carat gold jewellery, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Mostly gold is sold in 22 carat, while some people also use 18 carat. Carat does not exceed 24, and the higher the carat, the purer the gold.

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Know what is the difference between 22 and 24 carat gold?

24 carat gold is 99.9 percent pure and 22 carat is about 91 percent pure. Jewelery is prepared by mixing 9% other metals like copper, silver, zinc in 22 carat gold. While 24K gold is luxurious, it cannot be made into jewellery. That’s why most shopkeepers sell gold in 22 carat.

Read More :- Latest Business News

First published on: May 04, 2023 09:57 AM IST

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