Gold Price Update: Good news, gold has become very cheap, buy soon!

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Gold Price Update: If you are also planning to buy gold or gold jewelry during the wedding season, then there is good news for you. On Thursday, the fourth day of this trading week, the price of gold once again registered a fall. However, there was a slight increase in the price of silver. On Thursday, gold prices declined by Rs 227 per 10 grams, while silver became costlier by Rs 157 per kg.

On Thursday, gold became cheaper by Rs 227 per ten grams and closed at Rs 50945 per 10 grams. Whereas on the last trading day on Wednesday, gold became cheaper by Rs 120 per ten grams and closed at Rs 51172 per 10 grams.

On the other hand, silver became costlier by Rs 157 on Thursday and closed at Rs 61605 per kg. Whereas on the last trading day on Wednesday, silver was cheaper by Rs 263 and closed at Rs 61448 per kg.

14 to 24-carat gold latest price

On Thursday, 24-carat gold became cheaper by Rs 227 by Rs 50945, 23 carat gold by Rs 226, Rs 50741, 22 carat gold by Rs 46666, 18 carat gold by Rs 170, Rs 38209 and 14 carat gold by Rs 133. It became cheaper and closed at Rs 29803 per 10 grams.

Gold 5200 and silver 18300 is getting cheaper from all-time high

Even after this rise, gold was selling cheaper by about Rs 50255 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 18375 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 93-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.

first published:May 27, 2022, 9:55 a.m.

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