Gold Price Update:
The season of marriage has started once again. Therefore, the demand for gold and silver has increased very fast in the bullion market. In such a situation, if you are also planning to buy gold or gold ornaments, then there is important news for you.
At present, gold is getting cheaper at Rs 2980 per 10 grams and silver at Rs 10664 per kg from its all-time high. At present, gold is getting around Rs 53000 per 10 grams and silver at the rate of Rs 68000 per kg.
In fact, amid the ongoing war between Russia and Ukraine for the last 54 days, there is a situation of volatility in the bullion market around the world including India and there is a lot of movement in the price of gold and silver. According to experts, the price of gold and silver will continue to rise further in the coming time.
Gold Rate is not issued during holidays
It is noteworthy that the website of Indian Bullion Jewelers Association remained closed on Thursday and Friday due to national holidays for two days (Mahavir Jayanti on 14 April and Good Friday on 15 April 2022). After these two days, being Saturday and Sunday, now the market is going to open directly on Monday. In fact, Indian Bull and Jewelers Association (IBJA) does not issue gold and silver rates on national holidays as well as on Saturdays and Sundays.
New rate will be released today after four days
Actually, a new business week is starting from today. Today is the first day of the new business week. Earlier in the last trading week in the bullion market, along with gold, there was a slight rise in the price of silver. In such a situation, today everyone’s eyes will be on how gold and silver move in the Indian bullion market on the first day of the new trading week.
Gold became expensive last week
In the last trading week between April 11 and April 13, there was a lot of fluctuation in the rate of gold and silver. In the three trading days of this trading week, the price of gold has increased by Rs 710, while silver has gained Rs 1,644. On the third day of the last trading week and the last trading day on Wednesday, along with gold, there was a big rise in the price of silver. On Wednesday, gold became costlier by Rs 598 per 10 grams, while silver rose by Rs 1583 per kg. Earlier on Tuesday, gold became costlier by Rs 112 and silver by Rs 161.
On Wednesday, gold became expensive at the rate of Rs 598 per ten grams and closed at Rs 53220 per 10 grams. Earlier on Tuesday, gold had closed at Rs 52622 per 10 grams. At the same time, silver became expensive by Rs 1583 and closed at Rs 69316 per kg. Earlier on Tuesday, silver closed at 67833 per kg level.
14 to 24 carat gold latest price
On Wednesday, 24 carat gold became costlier by Rs 598 by Rs 53220, 23 carat gold by 596 by Rs 53007, 22 carat gold by 548 by Rs 48750, 18 carat gold by Rs 448 by Rs 39915 and 14 carat gold by Rs 350. It closed at Rs 31134 per 10 grams.
Gold 2980 and silver 10664 is getting cheaper from all time high
Despite this rise, on Wednesday, gold was selling cheaper by about Rs 2980 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 10664 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.
Know what is the difference between 22 and 24 carat?
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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