New Delhi: The festive season is here again. If you too are planning to buy gold jewelry, then there is important news for you. Today an increase in the price of gold and silver was recorded. Gold is currently being sold at around Rs 49,606 per 10 grams. Whereas silver is at Rs 56,667 per kg. Gold got cheaper by about Rs 6,500 and silver by Rs 23,300 from its all-time high.
On Wednesday, gold became costlier by Rs 238 per 10 grams and closed at Rs 49,606 per 10 grams. Whereas on the last trading day, Monday, gold became cheaper by Rs 48 per ten grams and closed at Rs 49,368 per 10 grams.
At the same time, silver became costlier by Rs 313 and closed at Rs 56,667 per kg. Whereas, on the last trading day on Tuesday, silver closed at Rs 56,354 per kg.
14 to 24 carat gold latest price
On Friday, 24 carat gold became costlier by Rs 238 to Rs 49,606 and 23 carat gold by Rs 237 to Rs 49,407. Meanwhile, 22 carat gold got costlier by Rs 218 to Rs 45,349 and 18 carat gold by Rs 179 to Rs 37,205. 14 carat gold got costlier by Rs 140 and closed at Rs 29,020 per 10 grams.
Gold is cheaper at Rs 6,500 and Silver at Rs 23,300 from all time high
Even after this rise, gold is currently selling cheaper by about Rs 6,832 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 23,626 per kg from its highest level. The highest ever level of silver is Rs 79,980 per kg.
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.
Also Read :- Latest rates of gold, silver release; Check here now
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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