Gold Price Update:
The wedding season is going to start once again. If you also 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 war between Russia and Ukraine for the last 50 days and the volatility in the price of crude oil in the international market, there a lot 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 Wednesday, the third day of this trading week, along with gold, there has been a big rise in the price of silver. This is the sixth consecutive trading day when gold as well as silver saw an increase in the price. On Wednesday, gold became costlier by Rs 598 per 10 grams as compared to the previous trading day on Tuesday, while the price of silver rose by Rs 1583 per kg.
Earlier on Tuesday, gold became costlier by Rs 112 and silver by Rs 161. Despite this rise, gold is still getting cheaper by about Rs 2980 and silver by Rs 10664 from the all-time high.
On Wednesday, gold became costlier by 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 Tuesday, 24 carat gold became costlier by Rs 598 by Rs 53220, 23 carat gold 596 costlier by Rs 53007, 22 carat gold 548 costlier by Rs 48750, 18 carat gold by Rs 448 by Rs 39915 and 14 carat gold 350. Rupee became expensive and closed at Rs 31134 per 10 grams.
Gold 2980 and silver 10664 are 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.
4-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.
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