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Skyrocketing Gold price hits common man hard; Know latest rate of 14, 18, 22, 23 and 24 carat

Gold Price Update: A continuous record rally in Gold price has dampened the Gold jewellers’s hope of high sale with the start of wedding season. Today is the first day of the fifth business week of New Year 2023. If you are also planning to buy gold and silver, then this is important news for […]

Edited By : Divya Richa | Updated: Feb 3, 2023 11:58 IST
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Gold Price Update: A continuous record rally in Gold price has dampened the Gold jewellers’s hope of high sale with the start of wedding season. Today is the first day of the fifth business week of New Year 2023. If you are also planning to buy gold and silver, then this is important news for you. At present, gold is selling close to its all-time high record. Gold prices registered a rise in the last trading week as well. However, there was a slight softening in the price of silver. In the last trading week, gold became costlier at the rate of Rs 139 per 10 grams, while the price of silver declined by Rs 261 per kg.

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New rate will be released on Monday 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 trading week, there was a rise in the price of gold as well as silver 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, now the new rate of gold and silver will be released on Monday.

On Friday (20 January 2023), the last day of the last trading week, a rise in the price of gold as well as silver was recorded. On Friday, gold (Gold Price Update) became costlier by Rs 51 per 10 grams and closed at Rs 57189 per kg. Whereas on the last trading day on Thursday, gold fell by Rs 184 per 10 grams and closed at Rs 57138 per 10 grams.

On Friday, along with gold, a rise in the price of silver (Gold Price Update) was recorded. On Friday, silver gained Rs 298 to close at Rs 68192 per kg. While on Thursday, the silver rate fell by Rs 243 and closed at Rs 67894 per kg on the last trading day.

14 to 24 carat gold rate

After this rise, 24 carat gold became costlier by Rs 51 to Rs 57189, 23 carat gold by Rs 51 to Rs 56960, 22 carat gold by Rs 47 to Rs 52385, 18 carat gold by Rs 38 to Rs 42892 and 14 carat gold by Rs 38. Gold being costlier by Rs 30 is trading at Rs 33456 per 10 grams.

Gold is getting cheaper by Rs 170 and silver by Rs 11700 from all-time high

After this fall, gold is selling cheaper by Rs 173 per 10 grams than its all-time high. Let us tell you that earlier on January 24, 2022, gold had made its all-time high. On that day gold had gone up to the level of Rs 57362 per ten grams. At the same time, silver was still getting cheaper than its highest level at the rate of Rs 11788 per kg. The all-time high level of silver is Rs 79980 per kg.

Do not delay in buying gold

According to the experts of bullion market, after Kharmas, on January 15, with Makar Sankranti, the wedding season started once again in the country. In such a situation, the rising trend in the price of gold and silver may continue in the coming days. Also, these people say that in this year 2023, the price of gold will continue to remain high. In such a situation, if you have a wedding here too and you want to buy gold, then buy it as soon as possible. So that you can get some benefit.

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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.

Know the purity of gold like this

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.

Read More :- Latest Business News

First published on: Jan 30, 2023 07:29 AM IST
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