Gold Price Update: If you want to buy gold or gold jewelry, then there is good and important news for you. On the third day of this trading week, on Wednesday, along with gold, the price of silver also decreased.
On Wednesday, gold prices declined by Rs 307 per 10 grams. After this fall, gold closed at Rs 47276 per 10 grams. Earlier on Tuesday, gold had closed at Rs 47583 per ten grams.
On Wednesday, along with gold, there was a big fall in the price of silver. On Wednesday, silver prices declined by Rs 595 per kg. After this fall, silver closed at Rs 63,341 per kg. Earlier on Tuesday, silver was at the level of Rs 63936 per kg.
14 to 24 carat gold latest price
In this way, 24 carat gold Rs 47276 per 10 grams, 23 carat gold Rs 47087 per 10 grams, 22 carat gold Rs 43305 per 10 grams, 18 carat gold Rs 35457 per 10 grams and 14 carat gold in Indian bullion market on Wednesday. Gold price was at the level of Rs 27656 per 10 grams.
Know price of gold and silver on Monday, Tuesday
On the first day of this trading week i.e. Monday (August 16), then 24-carat gold had closed at Rs 46993 per 10 grams. While silver closed at Rs 62887 per kg. On Tuesday, gold closed at Rs 47583 per ten grams and silver at Rs 63977 per kg.
If you compare the price of gold with its all-time high price, then there has been a big decline in the price of gold. The price of gold is selling cheaper by Rs 8752 per 10 grams than its highest level.
On August 7, 2020, gold reached its all-time high price. Gold reached Rs 56254 per 10 grams. At the same time, the highest level of silver is Rs 79980 per kg. Accordingly, silver is also selling cheaper by about Rs 17000 from its highest level.
Gold prices decrease in international market
Along with the Indian bullion market, gold is also trading with a fall in the international gold market today. In the US, gold was trading lower by $ 2.65 at $ 1,783.52 an ounce. While silver trading declined by $ 0.01 to $ 23.66 an ounce.
Gold, silver price depends on international market
Let us tell you that gold and silver rates in India largely depend on international prices and the latter are calculated on the basis of prices. Other factors such as USD to INR conversion rate and the supply and demand of gold and silver in MCX trading also play an important role in determining the prices of these precious metals.
Know latest gold price through missed call
You can give a missed call to 8955664433 to know the retail rate of 22 carat and 18 carat gold jewellery. Rates will be received through SMS in a while. Apart from this, you can visit www.Ibja.Co for information about frequent updates.
How to identify purity of jewelry
There are 5 types of marks related to the hallmark regarding purity in jewelry, and these marks are in the jewelry. One of these is about the carat. If there is 22 carat jewelry, then 916 is written on it, 21 carat jewelery 875 and 18 carat jewelery 750 is written in it. On the other hand, if the jewelery is of 14 carats, then 585 will be written in it. You can see this mark in the jewelry itself.