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Gold Update: Time running out! Gold slips by Rs1800, silver by Rs12,000!

Gold Update: Gold rate has slipped to Rs 54,400 while silver price increased at Rs68,000 on the last of trading week on Friday. Yellow metal price dropped by Rs 333 per 10 grams, while silver rose by Rs 217 per kg. If you too are planning to buy gold, silver or its jewellery, then there is good news for you. For the last several months, the prices of gold and silver are continuously increasing but the precious metals witnessed drop. People have the opportunity to buy gold at Rs 1800 per 10 grams cheaper from its all time high rate 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.

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Last day of trading week

On Friday, the fifth day of this trading week, gold (Gold Price Update) fell by Rs 333 per 10 grams and closed at Rs 54366 per kg. Whereas on the last trading day on Thursday, gold closed at a level of Rs 54699 per 10 grams with a slight decline of Re 1 per 10 grams.

On Friday, in contrast to gold, a rise in the price of silver (Gold Price Update) was also recorded. Silver gained Rs 217 to close at Rs 68822 per kg. Whereas on the last trading day on Wednesday, silver rate was cheaper by Rs 572 per kg and closed at the level of Rs 67605 per kg.

14 to 24 carat gold rate

On Friday, 24-carat gold became cheaper by Rs.333 to Rs.54,366, 23-carat gold by Rs.332 to Rs.54,148, 22-carat gold by Rs.305 to Rs.49,799, 18-carat gold by Rs.249 to Rs.40,775 and 14-carat gold to Rs.195. The rupee became cheaper and closed at Rs 31,804 per 10 grams.

Gold down Rs1800 and silver by Rs 12000 from all-time high

Gold is currently selling cheaper than its all-time high by Rs 1834 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 12158 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, there is still a lot of time left in the wedding season along with Makar Sankranti on January 14. 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.

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Know the 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.

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.

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