Gold Price Update: Gold on Thursday became costlier by Rs 602 per 10 grams and closed at a new record of inflation at Rs 61,646. (Gold Price Update) Earlier, gold had made a record of inflation of Rs 61,044 on Wednesday. Gold has reached to its highest price on Thursday for the second consecutive day. Gold price made a new history of Rs 61646 per 10 grams by breaking its record of inflation on Wednesday. On the other hand, silver jumped and closed at Rs 76464 per kg.

Whereas, on the last trading day on Wednesday, gold had closed at the level of Rs 61044 per 10 grams at the rate of Rs 627 per 10 grams.

On Thursday, along with gold, the price of silver also registered a rise. On Thursday, silver closed at Rs 76464 per kg with a huge gain of Rs 1182. Whereas on Wednesday, silver closed at Rs 75282 per kg with a jump of Rs 1056.

Gold Price Update: 14 to 24 carat

After this, 24 carat gold became costlier by Rs 602 to Rs 61646, 23 carat gold by Rs 600 to Rs 61400, 22 carat gold by Rs 544 to Rs 56467, 18 carat gold by Rs 451 to Rs 46234 and 14 carat gold by Rs 451. 352 costlier and is trading at the level of Rs 36062 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 600 from all-time high; silver slips by Rs 3,500

Gold is being sold costlier by Rs 600 per 10 grams from its all-time high. It is noted that on May 3, 2023, gold had made its all-time high. On that day, gold was at the level of Rs 61044 per ten grams, but crossing that level on Thursday, gold reached the level of Rs 61646. At the same time, silver was still getting cheaper than its highest level at the rate of Rs 3500 per kg. The all-time high level of silver is Rs 79980 per kg.

Know gold price through 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 of gold

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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24 carat gold is the purest

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.

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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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.

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