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Gold Update rate: Gold reaches high, crosses 54K mark, silver soars

Gold Update rate: It should come as no surprise that gold is used extensively at Indian weddings due to its cultural and religious significance. A bride wearing gold bangles at her wedding is said to bring luck and happiness to the marriage. Gold bangles are also regarded as one of the most important ornaments an […]

Edited By : Divya Richa | Updated: Dec 15, 2022 13:58 IST
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Gold Update rate: It should come as no surprise that gold is used extensively at Indian weddings due to its cultural and religious significance. A bride wearing gold bangles at her wedding is said to bring luck and happiness to the marriage. Gold bangles are also regarded as one of the most important ornaments an Indian bride can wear, and are one of the solah shringar, or sixteen steps that comprise the bridal look. If you too are planning to buy gold, silver or its ornaments, then there is important news for you. For the last several days, the period of continuous increase in the price of gold and silver is going on. On the third day of this trading week also, a rise in the prices of the yellow metal has been recorded.

Gold Update rate: On Wednesday, gold became costlier by Rs 432 per 10 grams, while the price of silver increased by Rs 815 per kg. After this, gold reached above Rs 54,400 per 10 grams, while silver closed near Rs 68,000 per kg. However, people still have the opportunity to buy gold at Rs 1,700 per 10 grams and silver at more than Rs 12,000 per kg. If the experts of the bullion market are to be believed, then the period of increase in the prices of gold and silver may continue.

On Wednesday, on the third day of this trading week, gold (Gold Price) closed at a level close to Rs 54500 per kg with a gain of Rs 432 per 10 grams. Whereas on Tuesday, gold became costlier by Rs 122 per 10 grams and closed at Rs 54030 per 10 grams on Tuesday.

On Wednesday, along with gold, a rise in the price of silver was also recorded. Silver gained Rs 481 to close at Rs 67642 per kg. Whereas on the last trading day on Tuesday, silver rate closed at a level of Rs 67161 per kg with an increase of Rs 139 per kg.

14 to 24 carat gold rate

Thus, on Wednesday, 24-carat gold became costlier by Rs 356 to Rs 54,386, 23-carat gold by Rs 355 to Rs 54,169, 22-carat gold by Rs 326 to Rs 49,817, 18-carat gold by Rs 267 to Rs 40,789 and 14-carat gold Gold became costlier by Rs 208 and closed at Rs 31815 per 10 grams.

Gold Update rate: Gold down by 1,800, silver by Rs 12,300 from all-time high

Gold is currently selling cheaper than its all-time high by Rs 1814 per 10 grams. Let us tell you that gold had made its all-time high in August 2020. At that time gold had gone up to the level of Rs 56200 per ten grams. On the other hand, silver was getting cheaper than its highest level at the rate of Rs 12338 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, there is still a lot of time left in the wedding season. In such a situation, the phase of rise in the price of gold and silver will continue in the coming days. Also, these people say that soon in the new year 2023, the price of gold will reach near or beyond its highest level. 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.

The ups and downs in the prices of gold and silver continue during the wedding season. The prices of gold and silver sometimes increase and sometimes fall. Due to this, in the wedding season, jewelry buyers are in a dilemma as to when it would be appropriate for them to buy gold and silver i.e. it would be cheaper. Meanwhile, this business week has started with a rise in the prices of gold and silver.

Know rate via 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.

First published on: Dec 15, 2022 06:00 AM IST
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