Gold Price Update: Gold is getting cheaper by Rs 1500 and silver by Rs 11000, buy like this

Newz Fast, New Delhi: If you too are planning to buy gold, silver or its jewellery, then there is important news for you. For the last several months, the prices of gold and silver are continuously increasing.

On the third day of this trading week, along with gold, there was a big rise in the price of silver. On Wednesday, gold became costlier at the rate of Rs 195 per 10 grams, while the price of silver registered a huge jump at the rate of Rs 328 per kg.

After this, once on Wednesday, gold reached Rs 54700 per 10 grams. On the other hand, silver closed after crossing Rs 68,000 per kg. However, people still have the opportunity to buy gold at Rs 1,500 per 10 grams and silver at more than Rs 11,000 per kg. If the experts of the bullion market are to be believed, then the period of increase in the prices of gold and silver may continue.

On Wednesday, the third day of this trading week, gold (Gold Price Update) closed at a level of Rs 54700 per kg with a gain of Rs 195 per 10 grams.

Whereas on the last trading day on Tuesday, gold became costlier by Rs 257 per 10 grams and closed at Rs 544505 per 10 grams.

On Wednesday, along with gold, the price of silver (Gold Price Update) also registered a rise. Silver gained Rs 328 to close at Rs 68177 per kg.

Whereas on the last trading day on Tuesday, silver rate was expensive by Rs 951 per kg and closed at the level of Rs 67849 per kg.

Latest 14 to 24 carat gold rate

In this way, on Wednesday, 24-carat gold became costlier by Rs 195 to Rs 54,700, 23-carat gold by Rs 194 to Rs 54,481, 22-carat gold by Rs 178 to Rs 50,105, 18-carat gold by Rs 146 to Rs 41,025 and 14-carat gold to Rs. 115 costlier and closed at the level of Rs 32000 per 10 grams.

Gold is getting cheaper by around 1500 and silver by Rs 11000 from all-time high

Gold is currently selling about Rs 1500 per 10 grams cheaper 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. On the other hand, silver was getting cheaper than its highest level at the rate of Rs 11803 per kg. The all-time high level of silver is Rs 79980 per kg.

Do not delay in buying gold

According to the experts of bullion market, after Kharmas, there is still a lot of time left in the wedding season along with Makar Sankranti on January 14. In such a situation, the phase of rise in the price of gold and silver will continue in the coming days.

Also, these people say that soon in the new year 2023, the price of gold will reach near or beyond its highest level. In such a situation, if you have a wedding here too and you want to buy gold, then buy it as soon as possible. So that you can get some benefit.

Know the latest gold price by giving a missed call

To know the retail rate of 22 carat and 18 carat gold jewellery, you can give a missed call on 8955664433. Rates will be received through SMS in a short while. Along with this, you can visit www.ibja.co or ibjarates.com for continuous updates.

Know the purity of gold like this

If you want to check the purity of gold now, then an app has been made by the government for this. With the BIS Care app, customers can check the purity of gold. Through this app, you can not only check the purity of gold, but can also make any complaint related to it.

24 carat gold is the purest

Let us tell you that 24 carat gold is considered the purest, but jewelry cannot be made from this gold because it is very soft. That's why mostly 22 carat gold is used in making jewelry or jewellery.

24 carat gold is 99.9 percent pure and 22 carat is about 91 percent pure. Jewelery is made by mixing 9% other metals like copper, silver, zinc in 22 carat gold, while 24 carat gold is brilliant, but its jewelery cannot be made. That's why most shopkeepers sell gold in 22 carat.

Buy gold only after seeing the hallmark

While buying gold, customers must take care of its quality. Gold ornaments should be bought only after seeing the hallmark. Hallmark is a government guarantee for gold and the Bureau of Indian Standards (BIS) is the only agency in India that determines hallmarks. The Hallmarking Scheme is governed by the Rules and Regulations under the Bureau of Indian Standards Act.

Hall marks are given by ISO to identify the purity of gold. 999 is written on 24 carat gold jewellery, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat.

Mostly gold is sold in 22 carat, while some people also use 18 carat. Carat does not exceed 24, and the higher the carat, the purer the gold is.

Know 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 24K gold is luxurious, it cannot be made into jewellery. That's why most shopkeepers sell gold in 22 carat.