Sunday, November 27, 2022

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Gold price update: Gold slips by Rs 5300 and silver by over 21000!

Gold price update: Significant holidays, such as Chhath Puja, Diwali, and Dussehra, have already passed. The wedding season will begin from November 21, following Dev Deepawali. If you wish to buy gold or silver, there is significant news for you. You can purchase gold and silver at a discount. Silver and gold are currently becoming cheaper by Rs. 21000 per kg and Rs. 5300 per 10 grams, respectively.

In the meantime, the price of silver has decreased on the eve of Dev Uthani Ekadashi, when gold became more expensive on Wednesday. Gold increased in price by Rs 133 per 10 grams on Wednesday, the third day of this trading week, and closed at Rs 50,824. In contrast, gold increased in price by Rs 211 per ten grammes on Tuesday’s final trading day, closing at Rs 50691 per grams.

On the other hand, the cost of silver decreased on Wednesday. Silver price decreased by Rs 421 on Wednesday, closing at Rs 58627 per kilogramme. In contrast, silver increased in price on Tuesday from Rs. 2698 per kg to Rs. 59048 per kg.

Current price for 14 to 24 carat gold

In this way, the price of 24-carat gold will increase by Rs. 50824, that of 23-carat gold by Rs. 132, Rs. 50620, that of 22-carat gold by Rs. 122, Rs. 46555, that of 18-carat gold by Rs. 100, Rs. 38118, and that of 14-carat gold by Rs. 100, Rs. 38118 on Wednesday. Gold priced Rs 78 more and concluded the day at Rs 29732 for 10 grammes.

From their all-time highs, gold is now about Rs. 5300 cheaper than before, while silver is about Rs.21300

The price of gold per 10 grammes is currently about Rs 5509 less than it was at its peak. Let me inform you that gold reached its peak in August 2020. At that point, the price of gold per 10 kilos had increased to Rs 56200. Silver was also declining in price at a rate of roughly Rs 21353 per kilogramme from its peak. Silver is now priced at Rs. 79980 per kilogramme.

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