Gold Price Update: Gold price crossed 54500 and silver crossed 68000, know today's latest rate
Newz Fast, New Delhi: Gold Price Update: If you too are planning to buy gold, silver or its jewellery, then there is important news for you. The price of gold and silver continues to rise continuously.
On the second day of this trading week, along with gold, there was a big rise in the price of silver. On Tuesday, gold became costlier by Rs 257 per 10 grams, while the price of silver registered a huge jump of Rs 951 per kg.
After this, once on Tuesday, gold crossed Rs 54500 per 10 grams. On the other hand, silver closed near Rs 68000 per kg.
However, people still have the opportunity to buy gold at Rs 1,700 per 10 grams and silver at more than Rs 12,000 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 Tuesday, the first day of this trading week, gold (Gold Price Update) closed at a level of Rs 54505 per kg with a gain of Rs 250 per 10 grams.
Whereas on Monday, on the last trading day, gold became costlier by Rs 250 per 10 grams and closed at Rs 54248 per 10 grams.
On Monday, along with gold, the price of silver (Gold Price Update) also registered a rise. Silver gained Rs 951 to close at Rs 67849 per kg.
Whereas on the last trading day on Monday, silver rate was cheaper by Rs 883 per kg and closed at the level of Rs 66898 per kg.
Latest 14 to 24 carat gold rate
Thus, on Tuesday, 24-carat gold became costlier by Rs 257 to Rs 54,248, 23-carat gold by Rs 249 to Rs 54,031, 22-carat gold by Rs 229 to Rs 49,691, 18-carat gold by Rs 187 to cost Rs 40,686 and 14-carat gold It became costlier by Rs 146 and closed at Rs 31735 per 10 grams.
Gold is getting cheaper by around 1700 and silver by Rs 12000 from all-time high
Gold is currently selling cheaper than its all-time high by Rs 11695 per 10 grams. 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 12131 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.
The ups and downs in the prices of gold and silver continue during the wedding season. The prices of gold and silver sometimes increase and sometimes fall. Due to this, in the wedding season, jewelry buyers are in a dilemma as to when it would be appropriate for them to buy gold and silver i.e. it would be cheaper. Meanwhile, this business week has started with a rise in the prices of gold and silver.
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.
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.