Gold Price Update: There has been a continuous decline in the prices of gold and silver in the last week. However, in the beginning of this February, gold made its all-time high level. If seen from the all-time high, gold has become very cheap.
The movement of gold, last week the rate of 24 carat gold has reduced and closed. Friday’s gold rate had closed at Rs 57038 per 10 grams. On the other hand, this rate of gold was at the level of Rs 57455 per 10 grams on Monday. In this way, the rate of gold has decreased by Rs 417 per ten grams during a week.
On the other hand, the condition of silver, on Friday last week, the rate of silver has closed at the level of Rs 66740 per kg. Whereas the rate of this silver was at the level of Rs 67606 per kg on Monday. In this way, the rate of silver has come down by Rs 866 per kg during the whole week.
Now know the all-time high rate of gold and silver. At present, gold is being sold cheaper by Rs 1,844 per 10 grams than its all-time high. Gold made its all-time high on February 2, 2023. At that time gold had gone up to the level of Rs 58882 per ten grams. On the other hand, silver is trading below its all-time high of Rs 8,260. Silver made its all-time high of Rs 75,000 in April 2011.
Jewellery cannot be made from 24 carat gold. The purity of gold is measured in carats. Gold jewellery ranges from 18 carat to 22 carat. 24 carat gold is considered to be the purest, but it is difficult to make jewellery. There is a risk of breakage of jewelry made of 24 carats. To make the jewelry strong, other metals are added to it.
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