Gold Price Update:
If you are also planning to buy gold or gold jewelry in the wedding season, then there is important news for you. Gold and silver prices have been declining for the last several days. After this fall, gold has once again reached below Rs 51,000 per 10 grams and silver Rs 62,000 per kg. After this fall, gold is getting cheaper by about Rs 5,200 and silver by Rs 19,000 from its all-time high.
The rate is not released on holidays
Significantly, the website of the Indian Bullion Jewelers Association (IBJA) is closed on holidays. Therefore, due to the closure on Saturday and Sunday, the market will now open directly on Monday. In fact, the Indian Bull and Jewelers Association (IBJA) does not issue gold-silver rates on Saturdays and Sundays as well as national holidays.
These were the gold, silver rates on Friday
On Friday, gold fell by Rs 96 per ten grams and closed at Rs 50,935 per 10 grams. While on the last trading day on Thursday, gold (Gold Rate) was cheaper by Rs 9 per ten grams and closed at Rs 51,029 per 10 grams.
On Friday, silver rose by Rs 925 to close at Rs 61,806 per kg. On Thursday, silver rose by Rs 121 to close at Rs 61,806 per kg.
Fresh price of 14 to 24-carat gold
Thus, on Friday, 24-carat gold became cheaper by Rs 96 to Rs 50935, 23-carat gold became cheaper by Rs 94 to Rs 50731, 22-carat gold became cheaper by Rs 87 to Rs 46656, 18-carat gold became cheaper by Rs 71 to Rs 38201 and 14-carat gold became cheaper. It was Rs 55 cheaper and closed at Rs 29797 per 10 grams.
Gold is getting Rs 5200 and silver Rs 19000 cheaper from Alltime High
After this fall, gold was selling at around Rs 5,216 per 10 grams cheaper than its all-time high. Let me tell you that gold made its all time high in August 2020. At that time gold had gone up to the level of Rs 56,200 per ten grams. Silver, on the other hand, was getting cheaper from its highest level at around Rs 19,099 per kg. The highest level of silver so far is Rs 79980 per kg.
Movement in the price of gold and silver in the international market
In fact, the last 107 days of war between Russia and Ukraine and the fluctuations in the price of crude oil in the international market have led to instability in the bullion markets around the world, including India. In such a situation, the price of gold and silver is also fluctuating all over the world.
Know the latest price of gold through a missed call
You can give a missed call to 8955664433 to know the retail rates of 22-carat and 18-carat gold jewelry. Rates will be received through SMS in a short time. Along with this, you can visit www.ibja.co or ibjarates.com for information about frequent updates.
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.
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. Jewelry 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 jewelry. That’s why most shopkeepers sell gold in 22 carats.
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