Gold Price Update: Know latest gold, silver rates here
If you are also planning to buy gold or gold jewelry during the marriage season, then there is important news for you. After the continuous fall in the price of gold and silver for the last several days, the price of gold has registered a slight rise. However, the downward trend in the price of silver is still continuing.
Gold Price Update: If you are also planning to buy gold or gold jewelry during the marriage season, then there is important news for you. After the continuous fall in the price of gold and silver for the last several days, the price of gold has registered a slight rise. However, the downward trend in the price of silver is still continuing.
On Thursday, the fourth day of this trading week, gold prices rose by Rs 399 per 10 grams, while silver became cheaper by Rs 60 per kg. On Thursday, gold became costlier by Rs 399 per ten grams and closed at Rs 50682 per 10 grams.
Earlier, on the last trading day on Wednesday, gold was cheaper by Rs 310 per ten grams and closed at Rs 50283 per 10 grams. On the other hand, silver became cheaper by Rs 60 and closed at Rs 61087 per kg on Thursday. Earlier on Wednesday, silver was cheaper by Rs 153 and closed at Rs 61149 per kg.
14 to 24-carat gold latest price
On Thursday, 24 carat gold became costlier by Rs 399 by Rs 50682, 23 carat gold 397 costlier by Rs 50479, 22 carat gold 366 costlier by Rs 46425, 18 carat gold costing Rs 300 by Rs 38012 and 14 carat gold by Rs 233. It had closed at Rs 29649 per 10 grams.
Gold 5518 and silver 18893 are getting cheaper from all-time high
Even after this rise, gold was selling cheaper by about Rs 5518 per 10 grams than its all-time high. 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. At the same time, silver was getting cheaper at the rate of about Rs 18893 per kg from its highest level. The all-time high level of silver is Rs 79980 per kg.
Movement in the price of gold and silver in the international market
In fact, there has been a situation of volatility in the bullion market around the world including India amid the ongoing 86-day war between Russia and Ukraine and the volatility in the price of crude oil in the international market. In such a situation, there is a movement in the price of gold and silver all over the world.
24-carat gold is purest
24-carat gold is considered the purest, but jewelry cannot be made from this gold because it is very soft. Therefore, mostly 22 carat gold is used in making jewelry.
Know how to check the purity of gold
If you want to check the purity of gold now, 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 the hallmark
When buying gold, you must take extra care to 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 (BIS) Act.
Know the latest price of gold by giving a missed call
To know the retail rates of 22-carat and 18-carat gold jewelery you can give a missed call on 8955664433. Rates will be available via SMS shortly. You can also visit www.ibja.co or ibjarates.com for information on frequent updates.
What is the difference between 22 and 24-carat gold?
24-carat gold is 99.9 percent pure and 22-carat is about 91 percent pure. Jewelery is prepared by mixing 9% other metals like copper, silver, zinc in 22-carat gold. While 24-carat gold is the purest available form of gold, it cannot be made into jewellery. That's why most shopkeepers sell gold in 22 carats.
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