Gold Price Update: After Diwali today is Chhat festival. Heartiest congratulations and best wishes to all of you on the occasion of Chhat. If you are planning to buy gold and silver on the occasion of Chhat, then you have a good chance.
Ahead of Chhath, the prices of gold and silver have fallen again. On Friday, the last day of this trading week, gold as well as silver recorded record prices in the Indian bullion market. On Friday, gold fell by Rs 277 per 10 grams and silver by Rs 221 per kg. Thus, gold closed at Rs 50502 per 10 grams and silver at Rs 57419 per piece on Friday.
Rates are not published Saturday-Sunday
It is noteworthy that the Indian Bullion Jewelers Association (IBJA) does not publish rates on Saturdays and Sundays except on holidays declared by the Central Government. In other words, the new rates of gold and silver will be published on Monday.
This was the price of gold and silver on Friday
On Friday, gold closed by Rs 277 at Rs 50502 per 10 grams. Whereas in previous trading on Thursday, gold price rose by Rs 208 per 10 grams to Rs 50779 per 10 grams. On the other hand, silver closed down by Rs 221 at Rs 57419 per kg. Whereas silver closed by Rs 211 per kg at Rs 57640 per kg.
14 to 24 carat gold latest prices
Thus on Friday 24 carat gold will fall by Rs 277 to Rs 50502, 23 carat gold will fall by Rs 276 to Rs 50300, 22 carat gold will fall by Rs 254 to Rs 46260, 18 carat gold will fall by Rs 207 to Rs 37877. Gold prices fell by Rs 162 to Rs 29544 per 10 grams.
Gold is down around Rs 5700 and silver around Rs 22500 from its all-time high
Gold is currently trading below its all-time high of Rs 5698 per 10 grams. Let us tell you that gold reached an all-time high in August 2020. At that time, the price of gold rose to 56,200 rupees per ten grams. At the same time, silver is getting cheaper by around Rs 22561 per kg from its peak. The highest level of silver is Rs 79980 per kg.
Know the latest gold price with miss call
You can give a missed call to 8955664433 to know the retail rate of 22 carat and 18 carat gold jewellery. The rate will be available via SMS within a short period of time. Also, for information about continuous updates www.ibja.co is ibjarates.com can see
Know the purity of gold like this
If you want to check the purity of gold now, the government has developed an app for that. Customers can check the purity of gold through the BIS Care app. With this app, you can not only check the purity of gold, but also make any complaint related to it.
24 carat gold is purest
We tell you that 24 carat gold is considered the purest, but jewelry cannot be made from this gold as it is too soft. Therefore, 22 carat gold is mostly used in jewelery or jewelery making. 24 karat gold is 99.9 percent pure and 22 karat is about 91 percent pure.
22 carat gold is mixed with 9% other metals like copper, silver, zinc to make jewellery, whereas 24 carat gold is bright, but cannot be made into jewellery. That is why most shopkeepers sell 22 carat gold.
Buy gold by looking at hallmarks
While buying gold, customers must keep an eye on its quality. Gold jewelery should be bought by looking at the hallmark. Hallmark is the government guarantee of gold and the Bureau of Indian Standards (BIS) is the only body in India that sets the hallmark. The Hallmarking Scheme operates under the Bureau of Indian Standards Act, Rules and Regulations.
The Hall mark is given by ISO to identify the purity of gold. 999 in 24 carats, 958 in 23 carats, 916 in 22 carats, 875 in 21 carats and 750 in 18 carats. Most gold is sold in 22 karat, while some use 18 karat. No more than 24 carats, and the higher the carat, the purer the gold.
Know the difference between 22 and 24 karat gold?
24 karat gold is 99.9 percent pure and 22 karat is about 91 percent pure. Jewelery is made by mixing 22 carat gold with 9% other metals like copper, silver, zinc. Although 24 karat gold is shiny, it cannot be made into jewelry. That is why most shopkeepers sell 22 carat gold.