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Gold Price Update: Gold takes reverse gear, price falls down by Rs 500 in wedding season

Gold Price Update: If you also want to buy gold, silver or its jewelry, then there is important news for you. Gold and silver prices have registered a decline once again. After this, gold has fallen to close to Rs 61000 per 10 grams, while silver has come down to Rs 72000 per kg. On […]

Edited By : Divya Richa | Updated: May 17, 2023 08:43 IST
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Gold Price Update: If you also want to buy gold, silver or its jewelry, then there is important news for you. Gold and silver prices have registered a decline once again. After this, gold has fallen to close to Rs 61000 per 10 grams, while silver has come down to Rs 72000 per kg.

On Tuesday, the second day of this trading week, gold (Gold Price Update) became cheaper by Rs 142 per 10 grams and closed at Rs 61066 per kg. Whereas before that, on the last trading Monday, gold (Gold Price) had closed at the level of Rs 61208 per 10 grams at the rate of Rs 244 per 10 grams.

On Tuesday, along with gold, the price of silver also declined. On Tuesday, silver declined by Rs 525 to close at Rs 71930 per kg. Whereas on Monday, silver became costlier by Rs 415 and closed at Rs 72455 per kg.

Latest 14 to 24 carat

After this, 24 carat gold became cheaper by Rs 142 to Rs 61066, 23 carat gold became cheaper by Rs 142 to Rs 60821, 22 carat gold became cheaper by Rs 130 to Rs 55937, 18 carat gold became cheaper by Rs 106 to Rs 45800 and 14 carat gold became cheaper. 83 cheaper and is trading at the level of Rs 35724 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 500;Silver by Rs 8,000 from all-time high

After this, gold is selling cheaper by Rs 580 per 10 grams than its all-time high. Let us tell you that gold made its all-time high on 13 April 2023. On that day gold had gone up to the level of Rs 60880 per ten grams. At the same time, silver was still getting cheaper than its highest level at the rate of Rs 8050 per kg. The all-time high level of silver is Rs 79980 per kg.

Know 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 information about continuous updates.

Gold Price Update: Check purity

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.

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.

First published on: May 17, 2023 06:30 AM IST

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