On Wednesday, gold rose by Rs 238 10 per gram and closed at Rs 49,606 per 10 grams. While on the last trading day, Monday, gold became cheaper by Rs 48 ten per gram and closed at Rs 49,368 per 10 grams.
At the same time, silver became dearer by Rs 313 and closed at Rs 56,667 per kg. While on the last trading day on Tuesday, silver closed at Rs 56,354 per kg.
Latest price of 14-24 carat gold
On Friday, 24 Carat gold became dearer by Rs 238 the Rs 49,606 and 23 carat gold Rs 237 the Rs 49.407. Meanwhile, 22 Carat gold became dearer by Rs 218 the Rs 45,349 and 18 carat gold Rs 179 the Rs 37,205. 14 Carat gold became dearer by Rs 140 and closed at Rs 29.020 per 10 grams.
Gold is down by Rs 6,500 and silver by Rs 23,300 from all-time highs
Even after the rise, gold is currently trading around Rs 6,832 10 per gram as an all-time high. Gold reached its all-time high in August 2020. At that time gold cost Rs 56,200 per ten grams. At the same time, silver is being sold cheaper at around Rs 23,626 per kg from the highest level. Silver’s highest ever level is Rs 79,980 per kg.
Price fluctuations of gold and silver in the international market
Precious metals markets are experiencing fluctuations worldwide, including in India. In such a situation, the price of gold and silver fluctuates all over the world.
Find out the latest price of gold through a missed call
You can give a missed call 8955664433 to know the retail prices 22 carat and 18 carat gold jewelry. The prices will arrive via SMS shortly. Also, visit the website for frequent updates www.ibja.co obsession ibjarates.com.
This is how you can check the purity of your gold
The government created an app to determine the purity of gold. With the BIS Care app, customers can check the purity of their gold. Through the app, you can not only check the purity of the gold, but also make any complaint about it.
24 carat gold is the purest
24 carat gold is considered the purest. However, you cannot make jewelry from this gold because it is very soft. Therefore, 22 carat gold is mostly used to make jewelry. 24-karat gold is 99.9 percent pure, and 22-karat gold is about 91 percent pure. The jewelery is made by mixing 9% of other metals such as copper, silver, zinc and 22 carat gold. While 24 carat gold is brilliant, it cannot be used to make ornaments. This is why shopkeepers sell 22 carat gold jewellery.
Only buy hallmarked gold
When buying gold, buyers must make sure that it is pure. Gold jewelry may only be purchased after viewing the hallmark. The hallmark is the government’s guarantee of the purity of the gold. The Bureau of Indian Standards (BIS) is the only agency in India that defines the Hallmark. The hallmarking system operates under the Bureau of Indian Standards Act, rules and regulations.
Clarity is directly proportional to carat
ISO provides hall marks to identify the purity of gold. 999 in 24K gold, 958 in 23K, 916 in 22K, 875 in 21K and 750 in 18K gold. Most gold is sold in 22 carat, while some use 18 carat. 24 carats is the top standard. The higher the carat value, the greater the clarity.
Difference between 22 and 24 karat gold
24-karat gold is 99.9 percent pure, and 22-karat gold is about 91 percent pure. The jewelery is made by mixing 9% of other metals such as copper, silver, zinc and 22 carat gold. While 24-karat gold is shiny, it cannot be used to make jewelry. Therefore, the majority of shopkeepers sell 22 carat gold.