Gold Price Update: Gold has again registered a rise of Rs 370 per 10 grams and closed at Rs 59335 per kg on Wednesday. While silver closed at Rs 70000 per kg with a gain of Rs 500. If you also want to buy gold, silver or its jewelry, then there is important news for you. Once again gold is on the way to create history of inflation. After a big fall on Monday, a rise in the prices of gold and silver was recorded on Tuesday and Wednesday.
On Wednesday, gold became costlier by Rs 370 per 10 grams and closed at Rs 59335 per kg. While on the last trading day, gold (Gold Price) climbed at the rate of Rs 73 per 10 grams and closed at the level of Rs 58965 per 10 grams. Whereas silver closed at Rs 70000 per kg with a gain of Rs 500. Whereas on Tuesday, silver closed at Rs 69500 per kg with a jump of Rs 131.
Latest 14 to 24 carat gold rate
After this rise, 24 carat gold became costlier by Rs 370 to Rs 59335, 23 carat gold by Rs 368 to Rs 59097, 22 carat gold by Rs 339 to Rs 54351, 18 carat gold by Rs 277 to Rs 44501 and 14 carat gold by Rs 277. Gold being costlier by Rs 216 is trading at Rs 34711 per 10 grams. Let us tell you that the gold and silver rates of MCX and the international market are tax-free, so there is a difference between the rates of the country’s markets.
Gold up by Rs 300 from all-time high, silver slips by Rs 10,000
After this, gold is being sold costlier by Rs 318 per 10 grams from its all-time high. Let us tell you that before this gold had made its all-time high on March 24, 2022. On that day gold had gone up to the level of Rs 59653 per ten grams. At the same time, silver was still getting cheaper than its highest level at the rate of Rs 9980 per kg. The all-time high level of silver is Rs 79980 per kg.
Know the latest gold price by giving a missed call
To know the retail rate of 22 carat and 18 carat gold jewellery, you can give a missed call on 8955664433. Rates will be received through SMS in a short while. Along with this, you can visit www.ibja.co or ibjarates.com for continuous updates.
Know the purity of gold like this
If you want to check the purity of gold now, then an app has been made by the government for this. With the BIS Care app, customers can check the purity of gold. Through this app, you can not only check the purity of gold, but can also make any complaint related to it.
24 carat gold is the purest
Let us tell you that 24 carat gold is considered the purest, but jewelry cannot be made from this gold because it is very soft. That’s why mostly 22 carat gold is used in making jewelry or jewellery. 24 carat gold is 99.9 percent pure and 22 carat is about 91 percent pure. Jewelery is made by mixing 9% other metals like copper, silver, zinc in 22 carat gold, while 24 carat gold is brilliant, but its jewelery cannot be made. That’s why most shopkeepers sell gold in 22 carat.
Buy gold only after seeing the hallmark
While buying gold, customers must take care of its quality. Gold ornaments should be bought only after seeing the hallmark. Hallmark is a government guarantee for gold and the Bureau of Indian Standards (BIS) is the only agency in India that determines hallmarks. The Hallmarking Scheme is governed by the Rules and Regulations under the Bureau of Indian Standards Act.
Hall marks are given by ISO to identify the purity of gold. 999 is written on 24 carat gold jewellery, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Mostly gold is sold in 22 carat, while some people also use 18 carat. Carat does not exceed 24, and the higher the carat, the purer the gold.
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 24K gold is luxurious, it cannot be made into jewellery. That’s why most shopkeepers sell gold in 22 carat.
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