Gold Price Update:
The marriage season has started once again. In such a situation, if you want to buy gold or gold jewelry, then it is very important for you to know its latest price before buying. In fact, amidst the ongoing 56-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 Monday, the first day of this trading week, along with gold, there has been a big rise in the price of silver. This is the seventh consecutive trading day when gold, as well as silver, registered an increase in the price. Gold became costlier by Rs 383 per 10 grams on Monday compared to the previous trading day, while silver rose by Rs 793 per kg.
Despite this rise, gold is still getting cheaper by Rs 2597 and silver by Rs 9871 from the all-time high.
On Monday, gold became costlier by Rs 383 per ten grams and closed at Rs 53603 per 10 grams. Earlier, on the last day of the last trading week, gold had closed at Rs 53220 per 10 grams on Wednesday. At the same time, silver became expensive by Rs 793 and closed at Rs 70109 per kg. Earlier on Wednesday, silver closed at 69316 per kg level.
14 to 24-carat gold latest price
Thus, on Monday, 24 carat gold became costlier by Rs 383 by Rs 53603, 23 carat gold 381 costlier by Rs 53388, 22 carat gold 350 by Rs 49100, 18 carat gold costing Rs 287 by Rs 40202 and 14 carat gold 224. Rupee became expensive and closed at Rs 31358 per 10 grams.
Gold is getting cheaper by Rs 2597 and silver by Rs 9871 from all time high
Despite this rise, on Monday, gold was selling cheaper by about Rs 2597 per 10 grams 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 9871 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 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 of the shopkeepers sell gold in 22 carats.
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