Gold Price Update: The demand for gold and silver has increased a lot in the bullion market for weddings. In such a situation, if you are also planning to buy gold or gold ornaments, then there is very important and good news for you. At present, gold is getting cheaper at Rs 3726 per 10 grams and silver at Rs 13245 per kg than its all-time high. At present, gold is getting around Rs 52000 per 10 grams and silver at the rate of Rs 66700 per kg.
In fact, amid the ongoing war between Russia and Ukraine for the last 62 days, there is a situation of volatility in the bullion market around the world including India and there is a lot of movement in the price of gold and silver. According to experts, the price of gold and silver will continue to rise further in the coming time.
New rate will be released today after two days
Actually, a new business week is starting from today. Today is the first day of the new business week. Earlier in the last trading week, along with gold in the bullion market, there was a big softening in the price of silver. In such a situation, today everyone’s eyes will be on how gold and silver move in the Indian bullion market on the first day of the new trading week.
New price is not issued on Saturday, Sunday
It is worth noting that the website of Indian Bullion Jewelers Association (IBJA) remains closed on holidays. Therefore, due to closure on Saturday and Sunday, now the market will open directly on Monday. 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.
Last week, silver and silver became cheaper
According to the website of India Bullion and Jewelers Association (IBJA), gold was at Rs 53,590 at the beginning of this week i.e. on April 18 in the bullion market, which has now come down to Rs 52474 per 10 grams on April 23. That is, its price has come down by Rs 1116 this week. At the same time, silver has seen a fall of more than a thousand rupees this week. According to the website of IBJA, it was at Rs 69910 earlier this week, which has now come down to Rs 66685 per kg. That is, its price has come down by Rs 3225 this week.
Latest gold and silver rates
On Friday, the fifth and last day of the last trading week, along with gold, there has been a big fall in the price of silver. This is the fourth consecutive day that silver along with gold has become cheaper. On Thursday, gold became cheaper by Rs 66 per 10 grams as compared to the previous trading day, while silver recorded a major fall of Rs 645 per kg. Earlier on Thursday, gold became cheaper by Rs 212 and silver by Rs 1260. After this fall, gold is now getting cheaper by Rs 3726 and silver by Rs 113245 from its all-time high.
Gold and silver became so cheap on Friday
On Friday, gold became cheaper by Rs 66 per ten grams and closed at Rs 52474 per 10 grams. Earlier, on the last trading day on Thursday, gold had closed at Rs 52540 per 10 grams. On the other hand, silver became cheaper by Rs 645 and closed at Rs 66685 per kg. Earlier on Thursday, silver closed at 67330 per kg level.
14 to 24-carat gold latest price
On Friday, 24 carat gold became cheaper by Rs 66 by Rs 52474, 23 carat gold by Rs 52264, 22 carat gold by 61 by Rs 48066, 18 carat gold by Rs 49, by Rs 39356 and 14 carat gold by 39. Rupee became cheaper and closed at Rs 30697 per 10 grams.
Gold 3726 and silver 13245 is getting cheaper from all-time high
Despite this rise, gold was selling cheaper by about Rs 3726 per 10 grams on Friday than its all-time high. Let us tell you that gold 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 13245 per kg from its highest level. The all-time high level of silver is Rs 79980 per kg.
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 hallmarks
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 of the shopkeepers sell gold in 22 carats.
first published:April 25, 2022, 7:57 a.m.