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Gold, silver being sold at all time low, check prices here

Ahead of the start of the festive season, the price of gold and silver continues to fall. It is being sold at lowest level in six months.

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New Delhi: The festive season is here again. If you too are planning to buy gold or gold jewelry, then there is important news for you. Today an increase in the price of gold and a decrease in price of silver was recorded. Gold is currently being sold at around Rs 49,341 per 10 grams. Whereas silver is at Rs 55,144 per kg. Gold got cheaper by about Rs 6,800 and silver by Rs 24,700 from its all-time high.

On Friday, gold became cheaper by Rs 585 per 10 grams and closed at Rs 49,341 per 10 grams. Whereas on the last trading day, Monday, gold became cheaper by Rs 374 per ten grams and closed at Rs 49,926 per 10 grams.

At the same time, silver became cheaper by Rs 1,186 and closed at Rs 55,144 per kg. Whereas, on the last trading day on Friday, silver became cheaper by Rs 20 and closed at Rs 56,330 per kg.

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Rates not released on Saturday, Sunday

It is noteworthy that the Indian Bullion Jewelers Association (IBJA) does not release rates on Saturdays and Sundays apart from holidays declared by the central government. On Friday, the fifth and last day of the last trading week, gold became cheaper by Rs 585 per ten grams and closed at Rs 49,341 per 10 grams. Whereas on the last trading day on Thursday, gold became cheaper by Rs 374 per ten grams and closed at Rs 49,926 per 10 grams.

On the other hand, silver became cheaper by Rs 1,186 and closed at Rs 55,144 per kg. Whereas on the last trading day on Thursday, silver became cheaper by Rs 20 and closed at Rs 56,330 per kg.

14 to 24 carat gold latest price

On Friday, 24 carat gold became cheaper by Rs 585 to Rs 49,341 and 23 carat gold by Rs 582 to Rs 49,341. Meanwhile, 22 carat gold got cheaper by Rs 536 to Rs 45,196 and 18 carat gold by Rs 439 to Rs 37,006. 14 carat gold got cheaper by Rs 343 and closed at Rs 28,864 per 10 grams.

Gold is cheaper at Rs 6,800 and Silver at Rs 24,700 from all time high 

Even after this rise, gold is currently selling cheaper by about Rs 6,859 per 10 grams than its all-time high. Gold reached its all-time high in August 2020. At that time gold costed Rs 56,200 per ten grams. At the same time, silver is being sold at a cheaper rate of about Rs 24,736 per kg from its highest level. The highest ever level of silver is Rs 79,980 per kg.

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Price fluctuation of gold & silver in international market

There is a situation of volatility in the bullion market around the world including India. In such a situation, there is a fluctuation in the price of gold and silver all over the world.

Know the latest gold price by giving a missed call

You can give a missed call on 8955664433 to know the retail rates of 22 carat and 18 carat gold jewelry. Rates will be received through SMS in a short time. Along with this, for information about frequent updates, you can visit www.ibja.co or ibjarates.com.

Here’s how to check the purity of gold

The government has made an app to determine the purity of the gold. 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 to be the purest. However, jewelry cannot be made from this gold because it is very soft. Therefore, 22 carat gold is mostly used in making jewelry. 24 carat gold is 99.9 percent pure and 22 carat is about 91 percent pure. Jewelry is prepared by mixing 9% other metals like copper, silver, zinc in 22 carat gold. Whereas 24 carat gold is brilliant, but it cannot be used to make ornaments. That is the reason why shopkeepers sell gold jewelry in 22 carats.

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Buy gold only with hallmark

While buying gold, customers must make sure of its purity. Gold jewelry should be bought only after seeing the hallmark. The hallmark is the government’s guarantee of purity of gold. The Bureau of Indian Standards (BIS) is the only agency in India that determines the hallmark. Hallmarking scheme works under the Bureau of Indian Standards Act, rules and regulation.

Purity is directly proportional to carat

Hall marks are given by ISO to identify the purity of gold. 999 on 24 carat gold, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Most of the gold is sold in 22 carats, while some people also use 18 carats. 24 carat is the apex standard. Higher the value of carat more is the purity.

Difference between 22 and 24 carat gold

24 carat gold is 99.9 percent pure and 22 carat is about 91 percent pure. Jewelry is prepared by mixing 9% other metals like copper, silver, zinc in 22 carat gold. While 24 carat gold is brilliant, it cannot be made into jewelry. That’s why most of the shopkeepers sell gold in 22 carat.

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