Gold Price Update: If you also want to buy gold or gold jewelry in the marriage ceremony, then there is good news for you. There has been a continuous decline in the price of gold and silver for the last several days. After this fall, gold has once again reached the level of Rs 50000 per 10 grams and silver Rs 59000 per kg. Along with this, gold is getting cheaper by about Rs 57000 and silver by Rs 20800 from its all-time high.
Rate is not issued on holidays
It is worth noting that the website of Indian Bullion Jewelers Association (IBJA) remains closed on holidays. Therefore, after being closed on Saturday and Sunday, due to Buddha Purnima on Monday, the market will remain closed even today. So now the market will open directly on Tuesday. 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.
condition of bullion market on friday
Silver along with gold has once again become cheaper on Friday, the fifth and last day of the last trading week. On the fifth and last day of this trading week, gold prices fell by Rs 653 per 10 grams and silver by Rs 690 per kg. On Friday, gold became cheaper by Rs 653 per ten grams and closed at Rs 50465 per 10 grams.
Earlier, on the last trading day on Thursday, gold became cheaper by Rs 87 per 10 grams and closed at Rs 51118. Whereas on Friday, silver became cheaper by Rs 690 and closed at Rs 59106 per kg. Earlier on Thursday, silver became cheaper by Rs 1654 per kg and closed at 59796 per kg level.
14 to 24 carat gold latest price
On Friday, 24 carat gold became cheaper by Rs 653 by Rs 50465, gold of 23 carat became cheaper by Rs 50263, gold of 22 carat 598 became cheaper by Rs 46226, gold of 18 carat became cheaper by Rs 490 by Rs 37849 and gold of 14 carat became cheaper by Rs 382. It was closed at the level of Rs 29522 per 10 grams.
Gold 5735 and silver 20874 are getting cheaper from all time high
After this fall, gold was selling cheaper than its all-time high by about Rs 5082 per 10 grams. 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 20184 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 81-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.
Know the latest price of gold like this by giving a missed call
You can give a missed call to 8955664433 to know the retail rates of 22 karat and 18 karat gold jewellery. 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
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. Therefore, mostly 22 carat gold is used in making jewelery or jewellery. 24 carat gold is 99.9 percent quality 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 brilliant, but its ornaments cannot be made. That’s why most of the shopkeepers sell gold in 22 carats.
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.
Buy gold only after seeing the hallmark
While buying gold, customers must take care of its quality. Gold jewelery should be bought only after seeing the hallmark. The hallmark is a government guarantee of gold and the Bureau of Indian Standards (BIS) is the only agency in India that determines the hallmark. The hallmarking scheme operates under the Bureau of Indian Standards Act, rules and regulations.
Hall marks are given by ISO to identify the purity of gold. 999 on 24 carat gold, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Most of the gold is sold in 22 carats, while some people also use 18 carats. Carat is not more than 24, and the higher the carat, the more pure the gold is called.
Know 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 brilliant, it cannot be made into jewellery. That’s why most of the shopkeepers sell gold in 22 carat.