On Friday, gold fell by Rs 585 per 10 grams and closed at Rs 49,341 for 10 grams. While on the last trading day, Monday, gold fell by Rs 374 per ten grams and closed at Rs 49,926 for 10 grams.
At the same time, silver became cheaper by Rs 1,186 and closed at Rs 55,144 per kg While, on the last day of trading on Friday, silver fell by Rs 20 and closed at Rs 56,330 per kg
Rates not published Saturday, Sunday
It should be noted that the Indian Bullion Jewelers Association (IBJA) does not publish rates on Saturdays and Sundays apart from holidays declared by the central government. On Friday, the fifth and final day of the last week of trading, gold fell by Rs 585 per ten grams and closed at Rs 49,341 for 10 grams. While on the last day of trading on Thursday, gold fell by Rs 374 per ten grams and closed at Rs 49,926 for 10 grams.
On the other hand, silver fell by Rs 1,186 and closed at Rs 55,144 per kg While on the last day of trading on Thursday, silver fell by Rs 20 and closed at Rs 56,330 per kg
Latest gold price from 14 to 24 carats
Friday, 24 carat gold fell by Rs 585 to Rs 49,341 i 23 carat gold for Rs 582 to Rs 49,341. In the meantime, 22 carat gold fell by Rs 536 to Rs 45,196 i 18 carat gold for Rs 439 to Rs 37,006. 14 carat gold fell by Rs 343 and closed at Rs 28,864 for 10 grams.
Gold is cheapest at Rs 6,800 and silver at Rs 24,700 all time
Even after this increase, gold is currently selling cheaper at around Rs 6,859 by 10 grams than its historical maximum. Gold hit its all-time high in August 2020. At that time, gold was priced at Rs 56,200 for ten grams. At the same time, silver is selling at a cheaper price of about Rs 24,736 per kg from its highest level. The highest silver level in history is Rs 79,980 per kg
The fluctuation of the price of gold and silver in the international market
There is a volatile situation in the bullion market all over the world including India. In this situation, there is a fluctuation in the price of gold and silver all over the world.
Find out the latest gold price by making a missed call
You can make a missed call 8955664433 to find out the retail rates of 22 carat and 18 carat gold jewelry. Fees will be received by SMS shortly. Along with this, for information about frequent updates, you can visit www.ibja.co or ibjarates.com.
Here’s how to check the purity of gold
The government has made an application to determine the purity of gold. With the BIS Care app, customers can check the purity of their gold. Using this app you can not only check the purity of gold but also make any complaint related to it.
24 carat gold is the purest
24 carat gold is considered the purest. However, jewelry cannot be made from this gold because it is very soft. Therefore, 22 carat gold is mainly used in jewelry making. 24 karat gold is 99.9 percent pure and 22 karat is about 91 percent pure. The jewelery is prepared by mixing 9% of other metals such as copper, silver and zinc with 22 carat gold. While 24 carat gold is shiny but it cannot be used to make ornaments. This is the reason why shopkeepers sell gold jewelery in 22 carat.
Buy gold only by stamp
When buying gold, customers must ensure its purity. Gold jewelry should only be purchased after seeing the badge. The hallmark is the government’s guarantee of the gold’s purity. The Bureau of Indian Standards (BIS) is the only agency in India that determines the badge. The marking scheme works as per the Act, rules and regulation of Bureau of Indian Standards.
Purity is directly proportional to carat
Pass 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 gold is sold in 22 karat, while some people also use 18 karat. 24 carats is the apex standard. The higher the carat value, the greater the purity.
Difference between 22 and 24 carat gold
24 karat gold is 99.9 percent pure and 22 karat is about 91 percent pure. The jewelery is prepared by mixing 9% of other metals such as copper, silver and zinc with 22 carat gold. Although 24 karat gold is shiny, it cannot be made into jewelry. This is why most shopkeepers sell gold in 22 carats.