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Today’s gold price: Gold slips by Rs2,300, silver by Rs 13,400!

Today’s gold price: It is crystal clear now that gold is perfect hedge against inflation. Besides wedding season gold investment is common in daily life. However wedding season is over but the interest in gold shopping never diminished due its Gold value in international market. Price on Saturday rose on December 17 (Saturday) by Rs […]

Edited By : Divya Richa | Updated: Dec 17, 2022 12:25 IST
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Today’s gold price: It is crystal clear now that gold is perfect hedge against inflation. Besides wedding season gold investment is common in daily life. However wedding season is over but the interest in gold shopping never diminished due its Gold value in international market. Price on Saturday rose on December 17 (Saturday) by Rs 250 at Rs 50,100 per 10 gram of 22 carat and up by Rs 260 at Rs 54640 of 24 carat. While the rate of silver is decresed by Rs 500 at Rs 69,000.

We have noticed much movement in the gold rate in recent week. However, Wedding season is over now and fluctuation in price can be seen rarely. In fact, the metal has exhibited a more consistent trend over the last 12 months.

Today’s gold price on IBAJ

The price on 24 carat gold opened on Rs 53, 885 and closed on Rs53998. There is marginal rise of Rs 113 is witnessed in gold price. While the price of silver is opened at Rs66307 and closed on Rs 66,065. Silver see a decrease of Rs 242 on Saturday.

14 to 24 carat

The price on 24 carat gold opened on Rs 53, 885 and closed on. Marginal rise of Rs 113 is witnessed in gold price of 23carat. While the price of silver is opened at Rs66307 and closed on Rs 66,065. Silver see a decrese of Rs 242 on Saturday.

Gold down Rs 2,300 and silver down Rs 13,400 from all-time highs

Gold is currently selling for Rs 2306 per 10 grammes less than its all-time high. Let us remind you that gold reached an all-time high in August 2020. At the time, gold had reached a price of Rs 56200 per ten grammes. Silver, on the other hand, was falling below its all-time low of Rs 13414 per kg. Silver’s all-time high price is Rs 79980 per kg.

Do not put off purchasing gold

According to bullion market specialists, there is still plenty of time left in the wedding season. In such a case, the price of gold and silver will continue to rise in the following days. Furthermore, these experts believe that the price of gold will shortly approach or exceed its all-time high in the new year 2023. In such a case, if you have a wedding here as well and want to acquire gold, do it as soon as feasible. In order for you to profit.

During the wedding season, gold and silver prices continue to fluctuate. As a result, during the wedding season, jewellery buyers are at a loss as to when it is appropriate to purchase gold and silver, i.e. when it is cheaper.

Know Gold status via missed call

You can get the retail price of 22 carat and 18 carat gold jewellery by calling 8955664433. Rates will be sent to you through SMS shortly. In addition, you can stay up to date by visiting www.ibja.co or ibjarates.com.

 

 

First published on: Dec 17, 2022 12:25 PM IST
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