Gold Price Update: Decline in gold, silver rates continue, great time to buy!!

Gold Price Update:

Marriage and good luck have started. In this season, there is a steady increase in the demand for gold as well as silver in the country. In such a situation, if you also want to buy gold and silver, then there is very good news for you.

Along with gold, silver prices declined for the fourth consecutive day. In fact, amidst the ongoing 60-day war between Russia and Ukraine and the volatility in the price of crude oil in the international market, there is a situation of volatility in the bullion market around the world including India. In such a situation, there is a movement in the price of gold and silver all over the world.

On Friday, the fifth and last day of this trading week, along with gold, there has been a big fall in the price of silver. This is the fourth consecutive day that silver along with gold has become cheaper. On Thursday, gold became cheaper by Rs 66 per 10 grams as compared to the previous trading day, while silver recorded a major fall of Rs 645 per kg. Earlier on Thursday, gold became cheaper by Rs 212 and silver by Rs 1260. After this fall, gold is now getting cheaper by Rs 3726 and silver by Rs 113245 from its all-time high.

On Friday, gold became cheaper by Rs 66 per ten grams and closed at Rs 52474 per 10 grams. Earlier, on the last trading day on Thursday, gold had closed at Rs 52540 per 10 grams. On the other hand, silver became cheaper by Rs 645 and closed at Rs 66685 per kg. Earlier on Thursday, silver closed at 67330 per kg level.

14 to 24-carat gold latest price

On Friday, 24 carat gold became cheaper by Rs 66 by Rs 52540, 23 carat gold by Rs 52330, 22 carat gold by 61 by Rs 48127, 18 carat gold by Rs 49, by Rs 39405 and 14 carat gold by 39. Rupee became cheaper and closed at Rs 30736 per 10 grams.

Gold 3726 and silver 13245 is getting cheaper from all-time high

Despite this rise, gold was selling cheaper by about Rs 3726 per 10 grams on Friday than its all-time high. Let us tell you that 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. At the same time, silver was getting cheaper at the rate of about Rs 13245 per kg from its highest level. The all-time high level of silver is Rs 79980 per kg.

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 hallmarks

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 or 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 of the shopkeepers sell gold in 22 carats.


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