Gold Price Update:
If you are also planning to buy gold or gold jewelry during the wedding season, then there is important news for you. On the second day of this trading week, once again the price of silver along with gold has registered a decline.
After this fall, gold is getting around Rs 51100 per 10 grams and silver at the rate of Rs 61,000 per kg. Not only this, gold is getting cheaper by about Rs 5000 and silver by Rs 18600 from its all-time high.
On Tuesday, gold became cheaper by Rs 59 per ten grams and closed at Rs 51125 per 10 grams. Whereas on the last trading day on Monday, gold became cheaper by Rs 20 per ten grams and closed at Rs 51184 per 10 grams.
On Tuesday, silver became cheaper by Rs 752 and closed at Rs 61321 per kg. Whereas on the last trading day on Monday, silver became costlier by Rs 465 and closed at Rs 62073 per kg.
14 to 24-carat gold latest price
In this way, on Tuesday, 24-carat gold became cheaper by Rs 59 by Rs 51125, 23-carat gold by 59 by Rs 50920, 22-carat gold by 54 became cheaper by Rs 46831, 18-carat gold by Rs 44 and Rs 38344 and 14-carat gold. It was cheaper by Rs 35 and closed at Rs 29908 per 10 grams.
Gold 5000 and silver 18600 are getting cheaper from all-time high
Even after this rise, gold was selling cheaper by about Rs 5075 per 10 grams than its all-time high. Let us tell you that gold had 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 18659 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 96-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.
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 hallmark
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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