New Delhi: The wedding season is underway. Meanwhile, the Indian market is witnessing a steady decline in the price of gold.
There is good news for you if you want to buy gold or gold jewelry during the wedding season. Gold prices fell for the fifth day in a row this Friday.
On Friday, the price of gold fell by Rs 57 per 10 grams to close at Rs 47,544 per 10 grams. On Thursday, the price of gold closed at Rs 47,601 per ten grams.
Unlike the price of gold, the price of silver rose marginally on Friday. On Friday, the price of silver rose by Rs 54 per kg to close at Rs 60,843 per kg. On Thursday, silver was trading at Rs 60,789 per kg.
Significantly, the Indian Bull and Jewelers Association (IBJA) does not issue gold and silver rates on Saturdays and Sundays due to holidays.
According to experts, in the next one or two days, the price of gold and silver can be seen rising.
Thus, gold is still selling at around Rs 8,656 per 10 grams cheaper than its all-time high. Gold made its all-time high in August 2020. At that time gold had gone up to the level of Rs 56200 per ten grams.
Silver, on the other hand, is getting cheaper from its highest level at around Rs 19,137 per kg. The highest level of silver so far is Rs 79980 per kg.
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Fresh price of 14 to 24 carat gold
In the Indian bullion market on Friday, the latest price of 24-carat gold was Rs 47544 per 10 grams, 23-carat gold is Rs 47340 per 10 grams, 22-carat gold is Rs 43537 per 10 grams, 18-carat gold is Rs 35648 per 10 grams and 14-carat gold was trading at around Rs 27,805 per 10 grams.
Find out latest price of gold
To know the retail rates of 22-carat and 18-carat gold jewelery, you can give a missed call on 8955664433. The rates of gold and silver will be available via SMS shortly. You can also visit the website www.Ibja.Co for information on frequent updates on the prices of gold and silver.
How to check purity of gold
If you want to check the purity of gold, an app has been created by the government for this. With the BIS Care app, customers can check the purity of gold. With this app you can not only check the purity of gold, but also make any complaint related to it.
Only buy gold after checking hallmark
When buying gold, you must check its quality. Gold jewelry should be bought only after seeing the hallmarks. The hallmark is a government guarantee of gold and the Bureau of Indian Standards (BIS) is the only agency in India to determine the hallmark.
The Hallmarking Scheme deals with operations, rules and regulations under the Bureau of Indian Standards Act.
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