Gold Price Update: Gold, silver rates rise after two-day fall

If you are also planning to buy gold or gold jewelry, then there is important news for you. For the past several days, there has been a continuous decline in the price of gold and silver, on the second day of this trading week, the price of the yellow metal has increased.

Gold Price Update: If you are also planning to buy Gold or gold jewelry, then there is important news for you. For the past several days, there has been a continuous decline in the price of gold and silver, on the second day of this trading week, the price of the yellow metal has increased.

However, despite this increase, buying gold and silver is still very profitable. At present, gold is getting cheaper by Rs 5500 and silver by more than Rs 18000 from its all-time high. At present, gold is available at the rate of Rs 50500 and silver at Rs 61,300 per kg.

On Tuesday, the second day of this trading week, gold prices rose by Rs 288 per 10 grams on Tuesday, while silver became costlier by Rs 1260 per kg. On Tuesday, gold became expensive by Rs 288 per ten grams and closed at Rs 50593 per 10 grams. 

Earlier, on the last trading day on Monday, gold became cheaper by Rs 160 per 10 grams and closed at Rs 50305. On Tuesday, silver became costlier by Rs 1260 and closed at Rs 61302 per kg. Earlier on Monday, silver became costlier by Rs 936 per kg and closed at 60042 per kg.

14 to 24-carat gold latest price

On Tuesday, 24-Carat Gold became costlier by Rs 288 by Rs 50593, 23-carat gold by Rs 286 costlier by Rs 50390, 22-carat gold by 264 by Rs 46343, 18-carat gold by Rs 216 at Rs 37945 and 14 carat gold by Rs 151. It had closed at the level of Rs 29579 per 10 grams.

Gold 5607 and silver 18678 are getting cheaper from all time high

Even after this rise, gold was selling cheaper by Rs 5607 per 10 grams 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 18678 per kg from its highest level. The all-time high level of silver is Rs 79980 per kg.

Movement in the price of gold and silver in the international market

In fact, amidst the ongoing 82-day war between Russia and Ukraine and the volatility in the price of crude oil in the international market, there is a situation of volatility in the bullion market around the world including India. In such a situation, there is a movement in the price of gold and silver all over the world.

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 hallmark

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 shopkeepers sell gold in 22 carats.