Gold Silver Price: Big lottery for customers amid sharp fall in gold, silver rates

If you want to buy gold or gold jewelry, then you have a golden opportunity to buy cheap gold. At present, gold is selling cheaper than its all-time high at around Rs 9000 per 10 grams.

Gold Price Update:

If you want to buy gold or gold jewelry, then you have a golden opportunity to buy cheap gold. At present, gold is selling cheaper than its all-time high at around Rs 9000 per 10 Grams. 

On the other hand, Silver is getting cheaper at the rate of Rs 17000 per kg. On Friday, the last day of this trading week, gold had closed at Rs 47276 per 10 grams and silver at Rs 62887 per kg.

14 to 24 carat gold latest price

At present, 24 carat gold in the Indian bullion market is Rs 47329 per 10 grams, 23 carat gold Rs 47139 per 10 grams, 22 carat gold Rs 43353 per 10 grams, 18 carat gold Rs 35497 per 10 grams and 14 carat gold 27687 remained at the level of Rs.

Market remains closed on Saturday, Sunday

Let us tell you that Indian Bull and Jewelers Association (IBJA) does not release gold and silver rates on Saturdays and Sundays due to holidays. If the experts are to be believed, the price of gold may fall further in the coming days.

On Friday, the last day from this trading week, there was a slight increase in the price of gold. On Friday (August 20), the price of gold saw a rise of Rs 53 per ten grams. With this rise, gold closed at Rs 47276 per ten grams. On Thursday, gold had closed at Rs 47276 per ten grams.

On the last day of this trading week, where there was a rise in the price of gold, there was a fall in the price of silver. On Friday, silver became cheaper by Rs 1108 per kg. After this fall, silver closed at Rs 62233 per kg. Earlier on Thursday, silver was Rs 63341 per kg.

Trends in 

gold, silver

 price this week

If we talk about the first day of this trading week i.e. Monday (August 16), then 24-carat gold had closed at Rs 46993 per 10 grams. While silver closed at Rs 62887 per kg. On the other hand, on Tuesday (August 17), gold had closed at Rs 47583 per ten grams and silver at Rs 63977 per kg. 

On Wednesday (August 18), gold had closed at Rs 47583 per ten grams and silver at Rs 63936 per kg. Whereas on Thursday (August 19), gold closed at Rs 47276 per ten grams and silver at Rs 63341 per kg. 

On the last day of this trading week, gold closed at Rs 47276 per ten grams and silver at Rs 62471 per kg.

Know how much gold and silver are below the all-time high

Gold and silver are still selling much cheaper than the all-time high. Gold is selling cheaper by about Rs 8871 per 10 grams than its all-time high. Gold had made its all-time high in August 2020. At that time gold had gone up to the level of Rs 56,200 per ten grams. 

Meanwhile, the highest level of silver is Rs 79980 per kg. Accordingly, silver is also selling cheaper by about Rs 17500 from its highest level.

Gold, silver prices in international market

Like the Indian bullion market, gold is being traded rapidly in the international market. In the US, gold is trading higher by $ 6.17 at $ 1,785.35 per ounce. Jabi silver trading is rising by $ 0.02 at the level of $ 23.24 an ounce.

How to identify purity of jewelry

There are 5 types of marks related to the hallmark regarding purity in jewelry, and these marks are in the jewelry. One of these is about the carat. If there is 22 carat jewelry, then 916 is written on it, 21 carat jewelery 875 and 18 carat jewelery 750 is written in it. On the other hand, if the jewelery is of 14 carats, then 585 will be written in it. You can see this mark in the jewelry itself.

In the year 2020, the return was up to 28 percent

If we talk about investing in gold, last year 2020 gold has given a return of 28 percent. Last year in 2019 also, the return of gold was around 25 per cent. If you are investing for the long term, then gold is still a very safe and good option for investment, which gives great returns. According to experts, the price of gold will increase in the coming days, so this can prove to be a good investment opportunity for you.