No change has been seen in the prices of gold and silver on Monday. Although silver prices have shown a slight increase in futures trade on MCX, but there is a slight decline in the price of gold.
There was no change in the price of gold on Monday. 24 carat gold is trading at Rs 51,330 on 23rd May. At the same time, the rate of silver is also unchanged. Silver is trading at Rs 61,400 on Monday.
In the bullion market, 22 carat gold was seen trading at Rs 47,050. At the same time, the price of 24 carat gold opened at Rs 51,330. It is worth noting that GST, TCS and other charges have not been added to these prices. At the same time, if we talk about Gold Future, then on MCX gold is trading at 50,992 and silver at 61,640. In the spot market, the price of 24 carat gold is running at Rs 51,027 per 10 grams. At the same time, silver has crossed Rs 62,000 after more than 2 weeks.
In this way, the purity of gold can be
tested, hallmarks are given by ISO (Indian Standard Organization) to test the purity of gold. Under this, 999 is written on 24 carat gold, 958 on 23 carat gold, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Gold is mostly sold in 22 carats. Some people also use 18 carat gold. Significantly, gold is seen as a good investment to avoid inflation.
Difference between 22 and 24 carat gold
The purity of 24 carat gold is 99.9 percent. 22 carat gold is 91 percent pure. Other metals are mixed in 22 carat gold, whose quantity is 9 percent. Jewelery cannot be made from 24 carat gold. Most of the jewelers sell gold in 22 carat only.
Find out the rate of gold by giving a missed call
You can easily find out the price of gold and silver sitting at home. For this, you just have to give a missed call on the number 8955664433 and the message will come on your phone. Here you can check the latest rates.
