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Gold Price Update: Good news for buyers; gold slips by Rs 1,300

Gold Price Update: Gold is being sold cheaper nearly Rs 60,000 per 10 grams and silver is being sold near the psychological level of Rs 71,000 per kg. If you are also planning to buy gold and silver in the wedding season, then there is important and good news for you. At present, gold can […]

Edited By : Divya Richa | Updated: Jun 5, 2023 08:36 IST
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Gold rate update

Gold Price Update: Gold is being sold cheaper nearly Rs 60,000 per 10 grams and silver is being sold near the psychological level of Rs 71,000 per kg. If you are also planning to buy gold and silver in the wedding season, then there is important and good news for you. At present, gold can be bought cheaper than the all-time high by about Rs 1300 per 10 grams and silver by about Rs 8600 per kg. In fact,

Gold Price Update: New rate 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, a big fall in the price of gold as well as silver (Gold Price Update) was recorded 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 two days of holiday, now the new rate of gold and silver will be released today.

This was the rate of gold and silver on Friday

On Friday, the fifth and last day of the last trading week, gold (Gold Price Update) became costlier by Rs 151 per 10 grams and closed at Rs 60308 per kg. While before that, on Thursday, on the previous trading day, gold price had become cheaper by Rs 233 per 10 grams and closed at Rs 60157 per 10 grams.

On Friday also, in contrast to gold, the price of silver showed stability. On Friday, without any change, silver closed at Thursday’s level of Rs 71,372 per kg. Earlier on Thursday, silver had become costlier by Rs 384 and closed at Rs 71372 per kg.

14 to 24 carat

After this, on Friday, 24-carat gold became cheaper at Rs.60,308, 23-carat at Rs.60,067, 22-carat at Rs.55,242, 18-carat at Rs.45,231 and 14-carat at Rs.35,280 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 slips by Rs 1,300; Silver by Rs 8,600 from all-time high

After this, gold is selling cheaper by Rs 1489 per 10 grams than its all-time high. Let us tell you that gold made its all-time high on 4 May 2023. On that day gold had gone up to 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 Rs 8608 per kg. The all-time high level of silver is Rs 79980 per kg.

Know latest gold 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 information about continuous updates.

First published on: Jun 05, 2023 08:36 AM IST

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