Today Gold Price: Gold and Silver price witnessed increase in price amid global clues. In the last trading week, gold is getting costlier by Rs 61 per 10 grams and silver by Rs 437 per kg. New rate will be released on Monday after two days. Wedding season is over but still Gold market is green as it is considered as the perfect hedge against the inflation.
The new business week is starting from Monday. Today is the first day of the new business week. Earlier, in the last trading week, there was a softening in the price of gold as well as silver in the bullion market. In such a situation, today everyone’s eyes will be on how gold and silver move in the Indian bullion market on the first day of the new business week.
This was the rate of gold and silver on Friday
On Friday (16 December 2022), the last day of the last trading week, gold closed at Rs 53,998 per 10 grams and silver at Rs 66,568 per kg. On the other hand, on Friday (9 December 2022), the last day of the previous trading week, gold had closed at Rs 53937 and silver at 66131.
In the last trading week, along with gold, the price of silver also registered a rise. Silver gained Rs 437 to close at Rs 66568 per kg. Whereas on the last trading day on Thursday, silver rate closed at a level of Rs 66131 per kg with an increase of Rs 640 per kg.
Today Gold Price: 14 to 24 carat gold rate
Thus, on Friday, 24-carat gold became costlier by Rs 157 to Rs 53,937, 23-carat gold by Rs 156 to Rs 53,721, 22-carat gold by Rs 133 to Rs 49,406, 18-carat gold by Rs 118 to Rs 40,453 and 14-carat gold to Rs. Gold became costlier by Rs 92 and closed at Rs 31553 per 10 grams.
Gold cheaper by Rs2,200; silver by Rs 13,800 from all-time high
Gold is currently selling cheaper than its all-time high by Rs 2263 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 13849 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, during this entire business week, the prices of gold and silver registered a steady rise.
Know gold price 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.
How to check purity of gold
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
Let us tell you that 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.