Gold Price Update: Gold, silver rates decline for 7th consecutive day

Gold Price Update:

If you want to buy gold or gold jewelry then there is good news for you. Gold became cheaper on Wednesday for the seventh consecutive trading day. Buyers are looking very happy due to this continuous fall in the price of gold. On the third day of this trading week, a fall in the price of gold was recorded on Wednesday. After this fall, gold has once again come down below the level of Rs 52000 per 10 grams.

On Wednesday, gold became cheaper by Rs 244 per 10 grams as compared to the previous trading day, while silver declined by Rs 320 per kg. Earlier on Tuesday, gold became cheaper by Rs 84 while silver became costlier by Rs 431. At present, gold is now getting cheaper by Rs 4451 and silver by Rs 14703 from its all-time high.

On Wednesday, gold became cheaper by Rs 244 per ten grams and closed at Rs 51749 per 10 grams. Earlier, on the last trading day on Tuesday, gold became cheaper by Rs 84 per 10 grams and closed at Rs 51993. Whereas on Wednesday, silver became cheaper by Rs 320 and closed at Rs 65277 per kg. Earlier on Tuesday, silver became costlier by Rs 431 per kg and closed at 65597 per kg.

14 to 24-carat gold latest price

On Wednesday, 24-carat gold became cheaper by Rs 244 to Rs 51749, 23-carat gold 243 became cheaper by Rs 51542, 22-carat gold 224 became cheaper by Rs 47402, 18 carat gold by Rs 183 became cheaper by Rs 38812 and 14-carat gold 143 Rupee became cheaper and closed at Rs 30273 per 10 grams.

Gold 4451 and silver 14703 are getting cheaper from all-time high

After this fall, gold was selling cheaper by about Rs 4451 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 14703 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, amidst the ongoing 63-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.

Know the latest price of gold like this by giving a missed call

You can give a missed call to 8955664433 to know the retail rates of 22 karat and 18 karat gold jewellery. Rates will be received through SMS in a short time. Along with this, for information about frequent updates, you can visit www.ibja.co or ibjarates.com.

14 to 24-carat gold latest price

On Friday, 24-carat gold became cheaper by Rs 66 by Rs 52474, 23-carat gold by Rs 52264, 22-carat gold by 61 by Rs 48066, 18 carat gold by Rs 49, by Rs 39356 and 14-carat gold by 39. Rupee became cheaper and closed at Rs 30697 per 10 grams.

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 shopkeepers sell gold in 22 carats.

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